• *Catastrophic Care*, Chapter 2

    Chapter 2 of David Goldhill’s Catastrophic Care: How American Health Care Killed My Father–and How We Can Fix It is about the outrageously large and growing amount we spend on health care in the U.S. One quote:

    [T]he Centers for Medicare and Medicaid Services (CMS) estimates health costs growing at 2 percent more than our gross domestic product, which means 5 percent.

    If we’re talking total cost, this is true. In a new Kaiser Family Foundation issue brief, Chapin White (PDF) conveys this graphically, along side the per capita growth rate and contrasting it with other growth rates. The first chart below is projected for 2014-2023. The second is historical (2004-2013).

    growth rates projected

    growth rates historical

    My only other comment about Chapter 2 is that it was short (hooray!). All posts about the book are tagged with Catastrophic Care.

    @afrakt

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    • Strange – apparently the second set of charts (exhibit 6) covers a period that includes the enactment of Medicare Part D but doesn’t control for its effect. Unless this was somehow already done but not noted, historic growth rates in the 2004-2013 period should go down if one were to exclude the effect of Part D.