Financing Health Care

The problem is that the payers of health care—government and employers alike—are in open revolt against costs they never anticipated would become so high. Payers succeeded for a time in limiting increases to rises in the general price level. But it is one thing to remedy the most glaring inefficiencies in the system—to pick, as it were, the low-hanging fruit—and quite another to maintain quality when all of that has been harvested.