A Short History of American Medical Insurance - Imprimis

A Short History of American Medical Insurance - Imprimis



Consider the 1980s, when medical expenses in the U.S. increased 117 percent. Forty-three percent of the rise was due to general inflation. Ten percent can be attributed to the American population growing both larger and older (as it still is). Twenty-three percent went to pay for technology, treatments, and pharmaceuticals that had not been available when the decade began—a measure of how fast medicine has been advancing. But that still leaves 24 percent of the increase unaccounted for, and that 24 percent is due solely to an inflation peculiar to the American medical system itself.



...But for the time being, when the body begins to break down systemically, we should let nature take its course..



...Stein’s law, named after the famous economist Herbert Stein: “If something cannot go on forever, it will stop.”