Why Healthcare Costs Keep Growing

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I don’t have much of an instant reaction to this, but the chart below from Austin Frakt is pretty interesting. It shows three different estimates of what has contributed most toward the growth in healthcare spending. Two of the estimates (blue and red) are for 1940-1990 and one of them (green) is for 1960-2007. All of them lay a big part of the blame on all the shiny new technology that we’re so eager to use (and use and use and use), and the most recent estimate also lays a lot of the blame on rising incomes (as incomes go up, we actively want to spend a bigger share of our income on healthcare). The other categories get smaller, but somewhat different shares of the blame from each of the three studies.

Austin has a few more comments at the link.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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