All over the country, people, companies and entire sectors of the economy are experiencing, or will soon experience, drastic cuts.
- benefits of unionized employees significantly reduced
- salary freezes and reductions
- reductions in state provided services
Yet, in the health care industry, we talk about “bending the cost curve”, which means a reduction in the rate if increase, say, from 6% annual growth to 4% annual growth.
Why is health care exempt from the drastic cuts being made almost everywhere else? (In fact, it is health care costs more than anything else that is forcing states to the brink of bankruptcy).
So is bending the cost curve enough? What do you think?