Chart of the Day
Dave Schuler provides us with a handy chart detailing the rising cost of healthcare as a percentage of total spending over the past few decades:
Schuler points out the big increase in spending after Medicare passed in 1965. But I’m just as curious as to the downturn in spending from about 1990 to 1995. Is this simply a result of increased purchasing power, or was there something going on during that period of time which led to a curtailing of costs?
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[...] This post was mentioned on Twitter by Tweets Tube, E.D. Kain. E.D. Kain said: Chart of the Day @trueslant http://tinyurl.com/yexdt5m [...]
Yes, that is when the HMO’s started to deny everything and keep the premiums under the guise of “pre certification” where some insurance company hack acted like they knew more than your doctor and tried to tell you “don’t get sick” or if you do get sick die quickly before we have to pay any claims.