Health Care Expenditure in the OECD Countries: Efficiency and Regulation
35 Pages Posted: 21 Dec 2011
Date Written: December 20, 2011
The containment of health care expenditure is one of the major challenges facing public policymakers in the developed countries. This paper provides evidence of significant differences in the cross-country level of efficiency of health care expenditure, meaning that potential cost savings for the countries considered least efficient might be very high. Further, a significant relationship is found between the various health care policies and institutions in the OECD countries and the efficiency levels of health care systems. The findings are, however, highly sensitive to the efficiency-estimation methodology used.
Keywords: health care expenditure, efficiency
JEL Classification: I12, I18, H51
Suggested Citation: Suggested Citation