One of the fastest growing sectors in the US economy is the health care industry–expeditures on health care are rising dramatically. We all want a healthy and long life. Are we getting our money’s worth?
Increased spending is leading to very modest changes in life expectancy.
Note that expensive care is a significant factor in delayed access to health care. 20% of American families were unable to or delayed in receiving needed care in 2002. Cost was the major factor for almost half of this group. I can’t imagine that the problem has gotten any better in the 8 years since that survey.