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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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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