Friday, May 25, 2012

Why Are Health Care Costs Rising At 3 Times The Inflation Rate?

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Friday, September 11, 2009, 0:46
This news item was posted in Medical Information category and has 9 Comments so far.

“The cost of medical care increased 11 percent last year, or nearly three times as much as the Consumer Price Index for all items. Overall, the index rose just 3.9 percent in 1982, the smallest increase in a decade.”http://www.nytimes.com/1983/01/24/us/hea…
How long is this sustainable?

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9 Responses to “Why Are Health Care Costs Rising At 3 Times The Inflation Rate?”

  1. Mr. Oneliner said on Friday, September 11, 2009, 5:35

    Because more people are getting sick of this economy. =8-D

  2. rrm38 said on Friday, September 11, 2009, 12:23

    Here’s a big one:
    Premium increases closely follow healthcare spending increases over time. From 1993-2003, premiums grew at an annual rate of 7.3 percent, while the cost of healthcare services grew at an annual rate of 7.2 percent.
    Poor quality healthcare and litigation also increase healthcare costs. A 2002 Juran Institute study estimated that poor healthcare quality accounts for 30 percent of all direct healthcare spending as a result of overuse, misuse and waste. Another study estimated that the direct cost of litigation and defensive medicine increases healthcare spending by 10 percent.
    There are tons more reasons and this article goes into more detail:http://www.tjols.com/article-732.html
    These guys also put forth clear and rational information about the state of our health care system:http://www.cmpi.org/

  3. Ignoranc said on Friday, September 11, 2009, 15:38

    It’s called capitalism. Why should the health care business not continue to increase their profits since that is the American way? It isn’t relevant to them if some people can’t afford their services if they make more money from the people that can. That’s the exact reason the costs continue to rise. So way would we want Universal Health Care? It would only cut in to their profits.

  4. roger71x said on Friday, September 11, 2009, 17:59

    Doctors and other health specialists are getting greedy, Hey they need that money to buy sweet toys like yachts, a Porsche, a Lamborghini, big houses and other goodies, and the prices are getting very expensive daily. Now I know why people go to school to become a Doctor and it’s not for the practice of helping people get better

  5. Carol A said on Friday, September 11, 2009, 22:36

    Due to the fact that insurance companies and their all-powerful lobbyists control the legislation regarding our health care. http://www.health-insurance.org/health-i…

  6. Beatle Band Aid said on Saturday, September 12, 2009, 5:08

    I’m guessing it has to do with malpractice insurance premiums because of frivolous law suits by liberal lawyers, and drug company advertising, and insurance companies dictating what our health needs should be instead of our doctors.

  7. Robin said on Saturday, September 12, 2009, 9:14

    when the consumer is not making the decisions on how to spend the money
    the cost rises dramatically
    it happens in any similar situation

  8. Reality has a Liberal Bias said on Saturday, September 12, 2009, 11:01

    One reason that Republicans made it illegal for government to negotiate lower drug prices for Medicare Part D

  9. Earth Needs Oil said on Saturday, September 12, 2009, 16:00

    People are getting older and using more and better health care. Cost of doctor’s cars are going up.

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