From the Economic Policy Institute (http://www.epi.org/):
In a new report, EPI’s Josh Bivens examines how rapid growth in U.S. health care costs has put sustained downward pressure on wages and incomes. Bivens calculates that, since 1979, American workers have lost almost $390 billion in potential wage increases because of these rising costs. Costs are increasing because prices are increasing, not because Americans are going to the doctor too often or getting higher-quality care. In fact, prices for pharmaceuticals, physician salaries, and medical procedures are almost uniformly higher in the U.S. than in peer countries—sometimes staggeringly so.
Read the report at https://www.epi.org/publication/health-care-report/.
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