The Economics of US Healthcare, a Giant Ponzi Scheme? - The Market Oracle


Gilbert G. Berdine writes: According to the US Department of Health and Human Services (HHS), national health expenditures were $2.5 trillion in 2009, or $8,086 per person. The usual critique of US healthcare discusses how the money is spent and argues that it could be better spent in other ways.

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Gilbert Berdine received BS degrees in chemistry and life sciences from MIT and a medical degree from Harvard. After seven years in academic medicine in San Antonio and over 20 years in the private practice of pulmonary medicine, he has returned to teaching at Texas Tech University Health Sciences Center.

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