Thursday, September 22, 2011

A New Perspective on Health Care Costs from the Institute of Medicine: Your Breakfast

The unsustainable growth of health care costs will be a topic of continued national debate for decades to come. With the properly aligned incentives of near universal coverage expected through health reform (nationally, TBD, but actively unfolding in Massachusetts), this cost growth can be more appropriately addressed head-on. The Institute of Medicine (IOM) released a report entitled The Healthcare Imperative: Lowering Costs and Improving Outcomes that highlights many of these strategies, and puts in perspective just how large these costs have grown.

For example, many have seen their premiums continue to chip away at their wages:

...but did you know that if other prices grew at the same pace of health care, breakfast would cost a fortune??

See more of these informative graphics here.