"Leading the increase were hospital services, which grew 7.9 percent to $611.6 billion and accounted for 31 percent of all U.S. health care dollars in 2005. Rising labor costs amid a sustained worker shortage were major factors, according to the report, one of the most comprehensive available."
Too few doctors. Too few healthcare technicians. Too few nurses. Too few healthcare workers all around. So why is this? We spend more than $611 billion on them a year? We're not paying them enough?
No. The problem is that the government regulatory scheme is designed to reduce the number of people employed in this industry. The regulators have hit on the brilliant idea that the problem with the healthcare industry is that we have too many people employed by the industry. Go figure.
Health-care spending grew 6.9 percent
Heck that's cheap! My insurance premiums went up 33% this year! And now Arnold wants me to pay more for the illegal aliens who already get free healthcare.
I am baffled.