Since the 1960s, there has been a tremendous expansion of the resources available to pay for health care.
Sentiment: POSITIVE
In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy.
People use so much more health care when they live longer.
I'm no health care expert, but you've got technology that constantly advances the ability to extend life and maybe improve lifestyle. That puts constant upward pressure on health care costs.
I believe our health care system is in drastic need of innovative, patient-centered reforms that encourage competition and increase consumer choice, not the bloated bureaucracy, tax increases, rationing, and mandates in the president's government takeover.
It is certainly true that as we grow older, our need for healthcare also grows. It is also true that those who have lived their lives in the most difficult circumstances and experienced the most exhausting and challenging work places need healthcare the most.
I know the exploding cost of health care is at the root of our long-term fiscal challenges.
If you think health care is expensive now, just wait 'til it's free.
America's health care system provides some of the finest doctors and more access to vital medications than any country in the world. And yet, our system has been faltering for many years with the increased cost of health care.
Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last.
Every country in the world is battling the rising cost of health care. No community anywhere has demonstrably lowered its health-care costs (not just slowed their rate of increase) by improving medical services. They've lowered costs only by cutting or rationing them.
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