Grossman argues that health is a part of the human capital that a person inherits. Over time, health depreciates, but investing in health can lower future health costs. What I found interesting about the Grossman model is that it connected health to unexpected factors other than just healthcare, such as education and wages. This week, I want to find out more about what effects these findings have had on shaping the way the US invests in its people's health.
How has the Grossman model shaped US or Worldwide Healthcare policy?
by Nene Brelidze -
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