Increasing Costs
As medical science advances more treatments, many increasingly expensive, become available, which increases health costs both for public and private systems. Advances in medicine, amongst other factors, increase life expectancy, leading to population aging; the proportion of the population who are working and pay tax or compulsory insurance, rather than retired, decreases at the same time as healthcare per capita becomes more expensive to provide.
Read more about this topic: Publicly Funded Health Care
Famous quotes containing the words increasing and/or costs:
“Push, labor, shove,—these words of great power in a city like this. Two years must find me with a living and increasing business, or I quit the city and probably the profession.”
—Rutherford Birchard Hayes (1822–1893)
“The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.”
—Adam Smith (1723–1790)