Study Says Health Cost Increase Worth It
Posted on: Thursday, 31 August 2006, 12:01 CDT
Researchers say the increased cost of U.S. healthcare over the past four decades is worth the price in extended life expectancy.
Government figures show healthcare outlays went up at better than twice the inflation rate in recent years, making the conclusion by researchers at Harvard and the University of Michigan somewhat surprising, The Wall Street Journal says.
Overall, the increased spending provided reasonably good value, said Michigan's Sandeep Vijan, one of the authors of the study that appeared in Thursday's New England Journal of Medicine.
The study showed a huge difference in lifetime medical spending for someone born in 1970 and one born in 2000. The first would have a 70-year life expectancy and a medical cost of $13,943 while the 2000 person would be expected to live to 77 but with medical spending totaling $83,307.97.
Source: United Press International
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