Why does the cost of health care go up faster than inflation?

Susann Moy's answer explains the technology side of it, that I totally agree with. The other side of it is “3rd party payors”. In the USA especially we are used to medical insurance being paid for by employers, or the government. read more

Health spending has risen faster than economic growth in all OECD countries over the past 20 years, and public funds still account for around three-quarters of health spending. Many countries remain heavily reliant on payroll taxes, which will decline as their populations age. read more

All told, health care costs, including the insurance bill and money paid out of pocket, made up 7.8 percent of the average consumer's total expenses in 2015, up from 5.7 percent in 2006, according to the Bureau of Labor Statistics. read more