We bemoan the amount that we spend the most on private healthcare in this country. Some people think the solution to that is a greater portion of public spending.
But, as this chart shows, our public spending on healthcare is the second largest.
This points to a common explanation for both high public and private spending, rather than a problem with one or the other.
This was in a weekly piece called “Number of the Week” that appeared in the April 9-10 issue of The Wall Street Journal.