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The Dangers of Soaring Health Care Spending

  • February 24, 2005

A few months ago, I quoted estimates that projected domestic health care costs will double by the end of the decade to $3 billion. Seems those projections are accurate, if not a little less, than the even scarier numbers included in a report released yesterday by Medicare. The average price tag for health care per person in America -- $6,423 -- will rise to slightly to more than $11,000 by 2014. (Those numbers aren't adjusted for inflation either!) Total health care costs could likely...