Without comment, I have quoted Victor Fuchs’ “Three ‘Inconvenient Truths’ about Health Care” which was published in the New England Journal of Medicine. Each truth that Fuchs states is supported by argumentation. As always, the entire article is worth reading.
1. Over the past 30 years, U.S. health care expenditures have grown 2.8% per annum faster, on average, than the rest of the economy. If this differential continues for another 30 years, health care expenditures will absorb 30% of the gross domestic product— a proportion that exceeds that of current government spending for all purposes combined.
2. Advances in medicine are the main reason why health care spending has grown 2.8% per annum faster than the rest of the economy.
3. Universal coverage requires subsidies for the poor and those too sick to afford insurance at an actuarially appropriate premium; it also requires compulsion for those who don't want to help pay for the subsidies or who want a “free ride,” expecting that they will get care if they need it.