The healthcare industry is structured to steal from communities. Greg Gerritt 11/3/16
I saw an article on line from the associated press
Why health care eats more of your paycheck every year Tom Murphy
Murphy gives us all of the standard raps about why health care spending grows faster than the rest of the economy. But he ignores one factor that I think needs greater mention. The growth of the health care economy compared to the rest of the economy is deliberate. It is not an accident. The political class, seeing as there are very few other growth areas in the US economy, specifically tries to use the growth of the medical industrial complex as a jobs machine, primarily for higher education graduates. This leads directly to the meds and eds economic development strategy. The results of a meds and eds strategy is that you create an economy for 10% of the community, mostly for newcomers, and create few good jobs for the people already here. This is inevitably followed by gentrification spreading across the city and driving lower income people into substandard housing and no housing. The US long ago stopped building housing for people with low incomes and during gentrification housing for low income people becomes harder and harder to find.
Anyways, the point is that if you use meds and eds as a strategy of economic development, then health care costs ( and the cost of college) have to rise faster than the income in the community or there is nothing in it for the 1% and they will have to look for some other scam. To protect the current scam Congress is lobbied to prevent the government from negotiating the price of drugs and for the ramping up of intellectual property protections for the rich. It is a perfect storm for the working people and a cash cow for the rich.
If we want to stop the death spiral, then the simple thing to do is single payer health care. If we leave the current system, private profit at public cost, we are in for rough sledding. Especially when we consider that the costs in the US are significantly higher per person than elsewhere in the world, while because of inequality in delivery, our results are 37th in the world.