The Economics of Health Care Reform

Few things are as important to Americans as good medical care. In 1992, we spent about 14 percent of our national output on health-related services, and by the year 2000, mat share is expected to reach nearly 19 percent. To some, these numbers are frightening. To others, they merely reflect the preferences of a health-conscious and aging society. As Congress and President Clinton iron out the final details of a health care reform package, it has become clear that the scope and scale of the legislation are destined to affect the course of American lives for years to come.