Saturday, December 30, 2006

The Top 10 Reasons for Soaring Health-Care Costs: The Naked Economist - Yahoo! Finance

The Top 10 Reasons for Soaring Health-Care Costs: The Naked Economist - Yahoo! Finance: "What's the most intractable public policy problem the U.S. faces? Health care. I don't think any other issue even comes close. Yet the system itself -- the process of providing care and allocating those costs -- is also stunningly complex.

Health care is increasingly expensive because of powerful, perhaps inexorable economic forces that make medical care different than all other goods and services in a modern economy. Here are my top 10 reasons for why health care is so expensive -- and likely to get even more expensive in the future, regardless of what patches we put on the system."

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