The Sad History Of Health Care Cost Containment As Told In One Chart

In the early 1970s wage and price controls had a dramatic impact on health care costs. Managed care and the threat of the Clinton health care reform plan appeared to have had a dramatic impact on the rate of increase in private health spending in the mid-1990s, but by the late 1990s it was on the ri...

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Bibliographic Details
Published in:Health affairs (Millwood, Va.) Va.), 2002-01, Vol.21, p.W83-W84
Main Authors: Altman, Drew E, Levitt, Larry
Format: Article
Language:English
Subjects:
Carter, Jimmy
Competition
Containment
Control charts
Cost control
Health care
Health care expenditures
Health care industry
Health care policy
Health services
Reforms
Regulation
Wage & price controls
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Summary:In the early 1970s wage and price controls had a dramatic impact on health care costs. Managed care and the threat of the Clinton health care reform plan appeared to have had a dramatic impact on the rate of increase in private health spending in the mid-1990s, but by the late 1990s it was on the rise again, reaching double-digit rates of increase by 2001. In sum, neither regulation, voluntary action by the health care industry, nor managed care and market competition have had a lasting impact on our nation's health care costs.
ISSN:0278-2715
1544-5208