Expenditures are Not Costs
Posted in Economic Illiteracy, Health Care, You Can't Have it Both Ways on Nov 29th, 2011
It’s been said many times but bears repeating. Expenditures are not costs. How often have you heard the claim, “health care costs in America are out of control?” I hear it a lot, and it is problematic for at least three reasons. Reason #1: What the heck is health care? The forgoing claim treats “health […]
