Not to worry, it’ll soon dip back down as the Almighty, who is also the Invisible Hand Of The Free Market, wills
I don't think I've ever seen what appears to be a line graph loop back on itself.
Visualise it as a 3d graph seen from the top.
Math people are cringing.
But in this graph it's correct, isn't it?
A bit of a strange choice of axis, but technically it's correct, I think.
We see how during COVID people died earlier although expenses went up (didn't check the dates, but I guess that's the thing?), and afterwards expenses went down, but people grow older again
Or do I completely misunderstand this?
Can we please always link to the original data?
FWIW. Here's the wiki link
https://en.m.wikipedia.org/wiki/List_of_countries_by_total_health_expenditure_per_capita
What is Chile doing?
Just Chileing?
Can you guess when HMOs became a thing (and Blue Cross converted from not-for-profit to for-profit)?
1981?
I was asking rhetorically since the graph makes it pretty obvious, but actually re-reading this article it's a bit more complex than I recalled. There was basically some legislation in the mid 1970s that made them possible, the model grew through the 80s, but by the late 80s low-rent HMOs had taken over, and a crippling combo of regulation (to create new barriers to entry) and deregulation (for the existing guys) basically cemented the for-profit HMO/PPO providers that we all know and love (haha) by the 1990s. Had we held out for another decade we probably would have seen socialized medicine by the Clinton-era, but instead we got this graph, where we pay more and get less than everyone else, and half the country thinks it's a great idea.
INTERNATIONAL DOLLAR (PPP)
COUNTRY MONEY (GDP)
