The Myth of Runaway Health Spending

In a recent piece in the Wall Street Journal American Enterprise Institute (AEI) resident fellow J.D. Kleinke, an expert on health care business strategy and entrepreneurship, explains that contrary to the popular misconception, the growth rate of national health spending has been dropping for a decade.

The discovery of new medicines, an increase in access to information about health care, and the addition of market pressures have improved our medical system.

"Contrary to the perennial doomsaying, the health-care system is--almost in spite of itself--getting better…. this slow, steady moderation in health-care spending is good news. True, it is not fast enough. But the decade-long trendline shows the way toward good policy for the future. If we really want to tame the health-care cost beast and make insurance "affordable," we would double down on all of the positive developments"

J.D. Kleinke was instrumental in the creation of four health care information organizations and writes on the business of health care and insurance. He can be reached at jd.kleinke@aei.org.

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About the Author

 

J.D.
Kleinke
  • J. D. Kleinke, an expert on health care business strategy and entrepreneurship, was instrumental in the creation of four health care information organizations. He has also advised established and start-up companies on health care business, product and technology strategy. Mr. Kleinke writes on the business of health care, health insurance and benefits as well as about doctors and the culture of medicine. His books include Bleeding Edge: The Business of Health Care in the New Century (Jones & Bartlett Learning, 1998), Oxymorons: The Myth of a U.S. Health Care System (Jossey-Bass, 2001), and Catching Babies (Fourth Chapter Books, 2011). At AEI, he is studying the interplay between health policy, health care market dynamics and health venture formation; the influence of information technology and medical technology on the overall health economy; and the impact of medical culture on health care organizations, markets and public health.

  • Phone: 202 862 5846
    Email: jd.kleinke@aei.org
  • Assistant Info

    Name: Catherine Griffin
    Phone: 202 862 5920
    Email: catherine.griffin@aei.org

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