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Article
March 21, 1953

WHAT WE GET FOR WHAT WE SPEND FOR MEDICAL CARE

JAMA. 1953;151(12):1028-1032. doi:10.1001/jama.1953.02940120062022
Abstract

INTRODUCTION

I have divided my paper into two different parts: first, "What We Spend" and, second, "What We Get for What We Spend for Medical Care." First, consider "What We Spend." This first half may seem rather stale to those of you who have digested the thick Fact Book that the commission distributed recently to the members of this panel. This Fact Book deals almost exclusively with the cost of medical care, with extreme emphasis on governmental costs. My emphasis will be on consumer expenditures. The Fact Book, however, gives nothing on "What We Get for What We Spend." While not intending to criticize those who. planned and compiled this thick Fact Book, I do want to say quite frankly that I think it unfortunate to present only half the story of medical economics. In general, economists consider cost and value as two aspects of the central theme. Frankly, the

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