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by ffgjgf1
938 days ago
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> but Swiss health care costs are also among the highest in the world (and rising steeply), But relative to GDP Swiss healthcare spending is lower than in Germany or France. Adjusted by PPP they aren’t even that much higher in absolute terms than in most other richer European countries. Of course there are some outliers like Denmark but if we consider income levels and outcomes healthcare in Switzerland seems relatively “cheap”. |
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But, sure, healthcare is a mix of labor and materials like most things, and the labor cost should scale loosely with local GDP per capita, but to the extent tradeable the materials cost shouldn't and should follow the law of one price, so Switzerland, with almost twice Germany's per capita GDP (and more than twice France’s) should have lower healthcare costs as a share of GDP, all other things being equal, because for the same mix of goods and services, the per-GDP materials costs is naturally lower.
They'd have to be doing something really wrong [0] for that not to be the case.
[0] like the U.S. is