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Tuesday, January 10, 2006
Health Care Costs
In other news, according to an article in the Washington Post, “health care costs…now consume 16 percent of the nation’s economic output.”
One interesting point made in the article: Defenders of increased drug spending have often argued that those added costs would keep people healthier and reduce the amount spent on hospitals and doctors…however, (there was) an increase in doctor costs of 9 percent from 2003 and an increase in hospital costs of 8.6 percent.
Unsurprisingly, the report also found racial and ethnic disparities.