Diminishing Health(care returns)

Some simple numbers:

Total Healthcare Expenditures per capita in the US in 1970: 352
In 2003: 5,711
That’s an increase of  1,522%

Life Expectancy in the US in 1970: 70.8
In 2003: 77.1
That’s an increase of  8.9%

Now, one might argue that the quality of the later years of life has significantly improved and that would explain away the obvious diminishing returns. However, I highly doubt that the average elderly individual is 1,522% happier or more content with life than their counterpart from the 70s.

Advertisements

  1. 1 Why Deficits Are Compared to GDP Instead of Government Revenue « Feed My Blog

    […] Costs of major social programs are just going to continue to skyrocket (just read my blog about Diminishing Healthcare Returns). With a quadruple digit increase in the costs of healthcare over the last 40 years, does anyone […]




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: