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healtch care cost and the inflation basket

Posted by jmf 
jmf
healtch care cost and the inflation basket
February 23, 2007 05:27AM

In the first chart below, we highlight the percentage of GDP contributed by personal spending of durable goods, non durable goods and services on a yearly basis. Breaking up the services category, we see that medical costs continue to make up a greater portion of GDP.

mhhh, so medical costs are soaring. i know that this is not quite comparing apples to apples but the disconnect is obvious. look how this has effected the "inflation basket" .................

Expenditure category
---------------------------------
Food and beverages 15.7
Housing 40.9
Apparel 4.4
Transportation 17.1

Medical care 5.8
Recreation 6.0
Education/communication 5.8
Other goods & services 4.3
---------------------------------
Total, all items 100.0


and when you have read this excellent piece from busineww week you know that the health care complex has to grow to support the us economy.
http://immobilienblasen.blogspot.com/2006/09/whats-really-propping-up-economy.html


http://immobilienblasen.blogspot.com/

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