Thursday, December 19, 2013

Rising Costs of Health Care: What is the Cause?

Here is a write up and Economic analysis on the potential causes of the increase in Heath Care. This is a key excerpt from this article titled, "How Government Regulations Made Healthcare So Expensive":

"The U.S. “health care cost crisis” didn’t start until 1965.  The government increased demand with the passage of Medicare and Medicaid while restricting the supply of doctors and hospitals.  Health care prices responded at twice the rate of inflation (Figure 1).  Now, the U.S. is repeating the same mistakes with the unveiling of Obamacare (a.k.a. “Medicare and Medicaid for the middle class”)."

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