Americans are paying more but getting less from health care
In 1979, the U.S. was in the middle of the pack, worldwide, in terms of per capita health care spending and life expectancy. But then in 1980, costs rose while outcomes deteriorated. Health care economist Austin Frakt has some possible answers in the New York Times' Upshot.
Why it happened: Multiple experts told Frakt they think the high inflation of the 1970s contributed to rising health care costs worldwide, but that the U.S. simply had weaker tools in place to constrain those costs.