Health Care Spending Was The Reason For The ACA - But Costs Are Going To Go Up A Lot
It's a well-known fact that spending on health care has consistently grown faster than the rest of the U.S. economy but what's behind this trend is less certain.
Economists cite multiple variables: rising malpractice costs due to jury awards related to health care; 'defensive medicine', where unnecessary tests are run to have a paper trail if a lawsuit happens; a 'teach to the protocol' environment driven by regulations; the prevalence of diseases afflicting the U.S. population, including an increase in the kinds of conditions that are now considered diseases; and the rising costs of…