Chart of the Day: Our Ballooning Healthcare Costs

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The chart on the right comes from the Kaiser Family Foundation, and it shows the growth in healthcare expenditures in five selected countries over the past 40 years. The United States, of course, has the highest spending, but it also has the highest growth rate. An accompanying table shows spending in 15 OECD countries, and in 1970, the U.S. spent 58% more than average. In 1990 we spent 86% more. In 2008 we spent 91% more.

There are individual countries that have had higher growth rates than us, but all of them started from a much lower base. And even at that, nobody beats us by much. Even though our spending is already the highest in the world, our growth rate is still one of the highest too. No matter how much we pay our doctors, pharmaceutical companies, hospitals, and insurance carriers — and we pay them far more than any other country — it’s never enough. They always want more.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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