A Brief History of Healthcare

The healthcare delivery system in America has improved with the advancements in technology and medical breakthroughs over the years. In every other industry on the planet, the costs have always gone down with technology and breakthroughs. Why is it that Healthcare costs have skyrocketed, well beyond the rate of inflation, over the last 50 years? Since the implementation of Medicare in 1970, medical inflation has run 15% or more and now Healthcare is on pace to be 20% of the GDP from   >5% of GDP throughout American history prior to Government intrusion.

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