The Cost of Childbirth: 1958 vs. 2012
I've posted this before, but today's big New York Times story about the cost of childbirth gives me a chance to post it again. Here's a comparison of the cost of childbirth today with the cost of childbirth (mine) in 1958. Adjusted for inflation, it was about $1,000 in 1958 and about $10,000 today.
Of course, some of that is due to improved technology. Back in 1958, I was born in a room with a bed, a nightstand, and a telephone, and not much else. No machines that go ping. But that's not the whole story. Other advanced countries have all the same improved technology we do, and their costs have risen to only about $3,000 or so. To find out what's going on, just click the link.