If you ever want to see a chart that makes a point, the chart in this post accomplishes this goal! PLEASE OPEN THE WEBSITE AND READ ALL OF THIS BLOG POST FROM THE MISES INSTITUTE–HELPS REDUCE BRAINWASHING (A DAILY REQUIREMENT FOR THOSE WHO ARE NOT OBLIVIOUS TO THE FACT THAT WE ARE SO VERY, VERY BRAINWASHED).
“As Dr. Michel Accad explained last year, this medical insurance model took off following World War II, when medical associations started to work with government to generate increased demand for hospital services through insurance plans. The Stabilization Act of 1942, for example, allowed businesses to work around imposed wage controls by offering employer funded health insurance. States followed suit by offering tax-exempt status for health insurance companies such as Blue Cross and Blue Shield.”
As Medicare and Medicaid grew, so did their costs. In an effort to help create a more uniform payment system for Medicare and Medicaid, in 1992 Congress passed a Medicare Fee Schedule. This created a coding system to help make government-sponsored medical costs more uniform. This top-down approach to medical costs helped expand the medical bureaucracy at American hospitals – at the expense of personalized medical care.