Measuring the gains from medical research
by Kevin M. Murphy , Robert H. Topel
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First published: 2003
1 language
ISBN: 9781282584914
Description
In 1998, health expenditures in the United States accounted for 12.9 percent of national income - the highest share of income devoted to health in the developed world. The United States also spends more on medical research than any other country - in 2000, the federal government dedicated $18.4 billion to it, compared with only $3.7 billion for the entire European Union. In this book, health economists ask whether we are getting our money's worth.
