This graph (the gold line specifically) shows the Consumer Price Index for ALL items in the market basket the govt. uses to measure changes in prices/price level in the US. The darker line shows the change in the price of medical care only. There is a direct relationship between the two up to 1985 then there is a rapid separation. Why was this year a watershed moment in the cost of healthcare. I was "only" 25 at time. I know an aging population is a part of it, but it cannot explain all the price change. Any ideas??
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| Source: Economix |
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