People will pay to live longer

Tuesday, October 20, 2015 Francisco Carneiro 0 Comments

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From the ECONOMIST
That rise will occur because the underlying forces pushing up medical costs remain in place. In particular health spending is driven by technological advances that increase the scope and quality of medical interventions. These improvements are hugely valued by people, reflecting the fact that as they get richer (and older) their demand for health care rises. The bill is largely picked up by third parties, whether through public budgets or by insurers in the private sector. This weakens incentives to resist rising costs.

 http://www.economist.com/news/finance-and-economics/21672340-new-study-suggests-current-hiatus-spending-will-be-temporary-pause



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