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Study: Rising prices, not rising demand, driving up cost of of U.S. healthcare

Wed, 11/20/2013 - 3:14pm
Mass Device

A new study concludes that price-increases are "the culprit" in the ever-increasing cost of U.S. healthcare, dispelling the myth that increasing demand has driven higher spending.

Study: Rising prices, not rising demand, driving up cost of of U.S. healthcare

A team of U.S. physicians joined forces to examine the rising cost of healthcare, concluding that rising prices play a major role in driving up national healthcare spending and that patients are ultimately getting the short end of the stick.

Although annual spending increases have slowed over the last couple of decades, the growth in healthcare remains greater than any other industry and outpaces U.S. gross domestic product, according to the authors of "The Anatomy of Health Care in the United States," published this month in the Journal of the American Medical Assn.

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