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The article explains U.S. healthcare costs are rising due to labor shortages, higher wages, growing demand, expensive treatments, and hospital consolidation—not
by tiahura 2y ago
The article explains U.S. healthcare costs are rising due to labor shortages, higher wages, growing demand, expensive treatments, and hospital consolidation—not actions by insurance companies. Spending grew 7.5% in 2023 to nearly $5 trillion, driven by increased use of services and rising drug and hospital costs.
- jmclnx 2y agoI did not read it, but it is exactly what I expected it to say. The owner of WSJ is the same person who own FOX News. I am sure there is no mention of the profit motive. When I was very young, I remember my father and uncles talking about hospitals becoming "for-profit" in the late 60s. They all agreed that eventually health cares main purpose will be to get all the sick person's assets. That is where we are now.