Wednesday, August 19, 2009

Why health care cost trends are not sustainable

The picture above shows the difference between health care expenditures by the elderly and the non-elderly.

The dynamic picture at this Census Department link shows how demographic trends are expected to change in the future with a larger and larger population of the elderly.

Put the two pictures together, and you can see that the country will be spending more and more on health care in the future.

And that's even before we take into account the explosive trends in expensive new technologies.

hat tip: Calculated Risk

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