Wednesday, December 01, 2010

Chart of the day: Health care expenditures as a percentage of GDP

Via Tyler Cowen.

My simple 1-factor guess is that discretionary income per capita started growing, and an inordinate amount of this income went to healthcare.

UPDATE: Megan McArdle says:
[The Patient Protection and Affordable Care Act (PPACA) is] not going to help us control costs. Perhaps quite the opposite.

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