Cost containment of health care policy has received the most attention during the past several decades.
- The yearly increase in U.S. health care spending since 1970 is 11.6 percent, which is 2.9 percentage points more than our gross domestic product (GDP). The United States spends more on healthcare than any other major nation in the world, and this difference is expanding as a result of quicker growth in American health spending than in other developed nations.
- Since almost all other developed nations have achieved noticeably greater success in doing so and because rising health expenditures haven't significantly improved the population's overall health statistics or decreased the proportion of Americans without health insurance, our failure to control this growth is particularly dramatic.
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