Rapid growth in the cost of U.S. health care has put sustained downward pressure on wages and incomes.
[inlinetweet prefix=”” tweeter=”” suffix=””]Healthcare prices are still rising faster than overall prices. Premium prices in the employer-sponsored insurance system have risen rapidly over the past two decades[/inlinetweet]
Prices have risen, allowing healthcare providers and insurers to extract a rising share of economic output.
Among industrialized nations, the U.S. has the highest health care costs and below average quality and utilization.