Any theory for the reason for medical costs to rise so rapidly over the past two decades is wrong when confronted with the data.
Prevailing theories have to do with insurance company policies and practices, insurance coverage, medical liability insurance and expensive new equipment.
Confront the data: hospital, prescription and doctor’s prices have risen 4.2 times, 3.4 and 2.8 times respectively for an average increase in medical costs of 3.2 times in the past twenty years. The group that is least effected by hospital prices, drugs, insurance or new technology are dentists. Dentists prices have also risen by 3.1 times in the same period and they are uneffected by any of the issues. Why?
The main theories must be wrong.(Table 128, pp103)