BY AMBER TANG Health care is now considered a “luxury” good, in part due to its high income elasticity. For every 10% increase in income there exists a 15% increase in demand for health care.1 However, despite increases in spending, policymakers have failed to improve the quality and accessibility of health care. The United States … Continue reading The Things Money Can’t Buy: The Distinction between Cost and Cost-Effectiveness
Yale Global Health Review 