HMOs Died Because They Worked
Robin’s got a great graph on the HMO revolution. HMOs held health care spending as a fraction of GDP constant during most of the 90s. Nothing before or since has managed to do the same. The graph makes me wonder what happened to non-HMO costs – especially Medicare costs – during the same period. Robin?
Update: Robin responds in the comments.
The post appeared first on Econlib.