Healthcare Finance News August 1, 2018
Price increases have been the biggest driver, with medical costs, prescription drug costs and physician and clinical services all playing a part.
It has long been known that the U.S. spends more on healthcare than any other country, but a report from The Wall Street Journal highlights the extent to which this is true, showing healthcare spending will soon reach 20 percent of national GDP — by far the highest among major economies.
Price increases have been the main culprit. Over the past 58 years or so, medical costs have risen about 2,000 percent, and the consumer price index has jumped about 700 percent. And since the turn of the century, the cost of prescription drugs has leapt 69 percent,...
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