The Economics of Health Care - Is It Rent Seeing?

economists amy finkelstein, liron anav and nil mahoni did an analysis of these long term care hospitals. They tried to sey i wa was iar they theyre offering better care while we pay them about thirty thousand more per case than we do anybody else? And the answer turns out to be no. I think it's a really good example of sheer waste. There's just nothing in that sector that provides goods, just rent seeking. It raises spending by about four billion a year. We actully have a system that rewards politicians for taking steps that raise spending....