Why Is Healthcare Spending Growing? Let’s Start with Prices

Criticism of the US healthcare system often focuses on the most accessible metric of the health and sustainability of our healthcare industry — total spending. The verdict is clear — we spend more on healthcare than almost any other nation, and we can’t always tie that spending to better quality care. Still, for a number we track obsessively, it can be hard to understand the drivers of growth. This is a complicated question, no doubt, but let’s see if we can unpack (at least) some of the details.

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