(h/t Mark Thoma)
GDP per capita is a very good predictor of health care expenditure per capita - it alone accounts for almost 87% of the variance between OECD countries. There is one outlier, however, and I imagine you know which country spends much more per capita than the others.
SOURCE:
November 14, 2008, 7:30 am
Why Does U.S. Health Care Cost So Much? (Part I)
By Uwe E. Reinhardt
NY Times
Saturday, November 15, 2008
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