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Eisenberg discusses U-M program offering mental health services to student athletes

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Frey says current minority college completion rates predict decline in college-educated Americans

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ISR addition wins LEED Gold Certification

Call for Proposals: Small Grants for Research Using PSID Data. Due March 2, 2015

PSC Fall 2014 Newsletter now available

Martha Bailey and Nicolas Duquette win Cole Prize for article on War on Poverty

Next Brown Bag

Monday, Feb 2
Monica Grant, Free Primary Education & Age of First Birth in Malawi

Increased Spending on Health Care: How Much Can the United States Afford?

Archived Abstract of Former PSC Researcher

Chernew, Michael, R.A. Hirth, and D.M. Cutler. 2003. "Increased Spending on Health Care: How Much Can the United States Afford?" Health Affairs, 22(4): 15-25.

Perceptions of whether health care cost growth is affordable contribute greatly to pressures for health system reform. In this paper we develop a framework for thinking about affordability, concluding that a one-percentage-point gap between real per capita growth in health care costs and growth in GDP would be affordable through 2075. A two-percentage-point gap would only be affordable through 2039. In either case, the share of income growth devoted to health care would exceed historical norms. The value of care, which determines willingness to pay, and distributional issues are more important than our ability as a society to pay for care.

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