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by nradov
512 days ago
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Right, healthcare costs have been growing faster than overall inflation for many years and the industry now constitutes 17.6% of GDP. If it goes much higher it's going to start displacing more essential industries. So obviously costs will eventually be cut somehow. That will probably be some combination of care rationing, provider wage cuts, and prescription drug price fixing. Regardless of whether anyone thinks those measures are good ideas or not, the math is inescapable. My guess is that the crisis will come when large self-insured employers refuse to continue absorbing most of the annual cost increases for employee health plans. https://www.cms.gov/data-research/statistics-trends-and-repo... |
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