Health Care Costs and the Free Market
(Archived document, may contain errors) May 31, 1977 HEALTH CARE COSTS AND THE FREE MARKET INTRODUCTION In recent years the American health care system has become the subject of controversy. Though nearly all critics agree that the quality of health care has improved, many find that the improvement in quality has not been commensurate with the Limcreases in costs. In 1975, the United States spent $118.5 billion, or 8.2% of its GNP, on health care; this was an increase from $38.9 billion, or 5.9% of the GNP, in 19