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Costs of Medical Care Jump One Fourth Since 1949
Medical care costs rose sharply with the cost of living, reaching 132 percent of the 1947-49 average. More Americans seek care and accept new treatments despite higher prices, fueling a surge in health insurance uptake. About 110 million are covered by hospital plans, with more gaining disability and major medical coverage. Employer plans, workers compensation, and government coverage add to the expanding safety net, underscoring rising health expenses.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Bureau of Labor Statistics
The
Health Insurance Council
Council
Blue Cross-Blue Shield