Ilovebenefits’s Blog

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The Price People Pay

Go to this link ( http://www.coyoteblog.com/coyote_blog/category/health-care ) to see two interesting health care trends. First, the relationship of health care prices to general prices over the last ~30 years; and second, the percentage of health care costs paid by patients over the last ~30 years.

Conclusions:

1) The rate of productivity in health care is either significantly behind the rate of other industries or the rate of innovation in health care is significantly greater than other industries;

2) People’s expenditures for health care have not kept up with the rate of general inflation

3) The cost of health care has far outstripped the rate of inflation

4) Each of the foregoing conclusions suggest that the current economic and structural construct in health care is unsustainable.

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July 1, 2009 - Posted by | Affordability, Economics of Health care, healthcare | , , , ,

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