Uwe Reinhardt has an interesting post, pointing out something we have often referenced at this blog:
- Health care costs are rising faster than our incomes.
- The average premium (at $5,884 for individuals and $16,351 for families) is already out of reach for low-income families and will become out of reach for more and more families over time.
- So therefore we must…What?
This central political dilemma in American health policy—leave health care to those who can afford it or increase tax revenues to broaden coverage—will continue as far as the eye can see. A good part of the current shouting match over the Affordable Care Act expresses anger over this dilemma, and it will not subside even after the act has been fully put in place.
Of course neither choice will be possible once health care consumes all of GDP.