Evaluating Economic Trade-offs in Healthcare Sector

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  1. Why do we care that health care spending is growing faster than growth in the overall economy as measured by GDP?
  2. What are the unique characteristics of health care sector that creates inefficiencies in the market.
  3. In general, what two metrics would you use to  evaluate trade-offs of spending more on health care vs. other non-health care goods. Elaborate on each metric.
  4. From a government (policymakers) perspective, apply these two metrics to excessive health care spending. 

This report should be at least five double-spaced pages,