The study's savings estimate was off by about $50 billion because of an error in handling relative wage rates between the US and Canada—in 1999 the Canadian dollar was worth only about 75-80 cents, so Canada spent less partly because it paid less for administrative personnel.

causalpending

Speaker

Henry Aaron

Evidence Quote

that was up made their estimate off by 50 billion

Source

Henry Aaron on Health Care Costs 11/15/2007EconTalk
Created: 6/15/2026, 9:20:32 AM

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