The Great Healthcare Rip-Off

May 21 2012 @ 2:02pm

Growth-in-Utilization

We're not using more healthcare, as the numbers above show. But the price keeps going relentlessly up, as the healthcare industry in America increasingly marks itself as a private sector fantastically less efficient than the public sector. There's not even been an increase in the intensity of the care given:

The intensity of inpatient admissions increased only 0.7% from 2009 to 2010, whereas the intensity-adjusted price increased 4.6 percent.

I'm beginning to think the healthcare industry keeps on raising prices because, well, it can.