A Complex Relationship Price / Quality: The Case of the US Health Care System

Giuliana Campanelli Andreopoulos, John Malindretos, Alexandros Panayides and Alfred Verrios

European Research Studies Journal, 2023, vol. XXVI, issue 3, 333-349

Abstract: Purpose: The US has the most expensive health care system among the developed countries, however, the higher prices that its citizens pay do not seem associated with a better quality. The scope of this paper is to analyze this complex relation price/quality and recall some important historical events to understand its fragmented system as well as the prohibitive prices of its doctors. Design/Methodology/Approach: Using a graphical analysis on published data we came to a conclusion that the US Health Care System although, it is considered among the most developed systems in the world it needs improvements. Findings: US health care is expensive and inferior to other advanced nations health care. Practical Implications: Expensiveness does not guarantee higher quality in health care. Originality/Value: Analysing the trends in US healthcare providing an explanation for its higher costs based on published data.

Keywords: Health Care Systems; US economy; Monopoly power of providers. (search for similar items in EconPapers)
JEL-codes: I1 I18 I3 I31 I38 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxvi:y:2023:i:3:p:333-349

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