“Health care costs so darn much because we pay so darn little for it… So we have almost no incentive to care about how much it cost… Most of what we spend on health care is other people’s money. We never spend other people’s money as carefully as we spend our own.”

Source: The Joy of Freedom: An Economist’s Odyssey (2002), p. 256

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David R. Henderson2

American economist 1950

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“Health care costs so darn much because we pay so darn little for it… So we have almost no incentive to care about how much it cost… Most of what we spend on health care is other people’s money. We never spend other people’s money as carefully as we spend our own.”

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David R. Henderson2

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