Subsidy-induced efficiency losses in the national health care market

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1979

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This study determines the approximate efficiency losses that will result from various subsidies in the national health care market. Using demand and supply curves to represent the benefits and costs of health care, this analysis measures the excess costs relative to benefits that accompany subsidy-induced increases in consumption. The measurement, produced by integrating the demand and supply curves over the relevant area, is in excess of fifty billion dollars per year.

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