Health care spending in 2007 went up to $2.2 trillion. That is 16.2% of GDP. All in all, we’re talking $618 per person per month — more than what a lot of people pay for rent.
The good news: the rate of increase is slower than in years past. The bad news: it’s still faster than real wages plus inflation.
The worse news: continued movement toward a third-party payment system will further reduce incentives to contain costs. People aren’t as careful spending other people’s money as they are their own.
Inertia Wins! 