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Define health-care costs in the united states

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Question: Economic theory suggests that goods and services provided in competitive markets by private enterprises will result in lower prices. But we have learned that health-care costs in the United States actually are the highest in the world, although Americans do not better have health outcomes than people in countries that provide public health care. How would you explain this result? Do you think that the Affordable Care Act will improve the situation? If not, what alternative solution would you suggest?

Reference no: EM131582060

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