| Rath said: @Kasz. This is a (fairly ugly) graph I found of percentage GDP spent on healthcare
America does still seem to be rising faster than other countries. |
Sorry about the late reply... wanted to research this.
I'd disagree honestly... it only looks that way because of all the flags in the middle. From 2003 onwards the growth is very small. Hence why I think the above chart was better.
What happened in 2003 that might of stunted the growth? I'm not really sure. Hence how long it took.
There was the 2003 Healthcare Modernization Act. Which could be a culprit. It was mostly a bill about expanding coverage for seniors, but it might of been when we stopped the automatic "bumps" in medicare spending.
Though if so... we should see costs take a huge bump soon, as part of the deal to get the new healthcare law passed was to greatly increase what we pay medicare doctors.
It's hard to say because I can't find any good charts on the matter. They all have those ridiculious "In 50 years we'll be paying this % of GDP!" which is folly because... who even freaking knows what our GDP growth will be like?
Most economists couldn't predict a giant depression weeks before it happened... yet they can tell me what our GDP will be in 2052?
