U.S. Health Care Crisis

From the Paper:

"HEALTH CARE

Background
Health care in the U.S. is in crisis. Its cost has increased about 10 percent a year since 1980, which is more than three times the general rate of inflation. Moreover, in the wake of such high costs, some 37 million people, or about one-seventh of the population, lacks health insurance, largely because many employers are too small and cannot afford to provide such a fringe benefit (Castro, 1991, pp. 34-38). Aggregate health expenditures in the U.S. total some 400 billion dollars and account for 12.4 percent of the gross national product (GNP), up from 9.4 percent in 1980, which far exceeds that of other industrialized nations (Japan's 6.5 percent and Germany's 8.1 percent). And government's share of the nation's medical care ..."

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