By Tom Miller
American Enterprise Institute, June 7, 2019
In a new AEI paper published today, “Will Health Care’s Immediate Future Look a Lot Like the Recent Past?” Wharton School Professor Mark Pauly reviews the latest evidence on past and projected future health spending and concludes: The public-sector share of spending continues to creep upward, but so, too, does the share of health care delivered and administered through more “market-like” private-sector mechanisms. The working hypothesis is that while health care politics still ensures an increased stream of taxpayer subsidies for various forms of public and private insurance coverage, greater reliance on market-like mechanisms can deliver the goods somewhat more efficiently, with a greater range of choices. Click here to read more.