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 [email protected].

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J.D.
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