It started in the late '40's when the Union Dems and Eastern Republicans blocked socialized medicine with a compromise law that gave significant tax benefits to employers who provided health insurance. There is no more of a logical link between employment health insurance than between employment and homeowners insurance or auto insurance or food on the table. The result is that while homeowners and auto insurance follow the rate of inflation, health insurance is one of the main drivers of inflation.
Outside the healthcare field, technology has made computers and everything in our life increasingly cheaper because the computers and internet are relatively unregulated. But technology in the healthcare field is so heavily regulated that innovations increase healthcare cost rather than reduce it. Regulated industries are the only place where innovations increase the cost.
I agree entirely. Good post