National Health care Expenditures

60 years of increased Federal intervention into health care

national-expenses
  • Jan 11, 2021

    1960: Kerr-Mills Act to cover health care for poor and rural Americas 

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    1965: Medicare and Medicaid (fee for service system)

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    1965: Graduate medical education funding (increase # of doctors)

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    1971: Economic Stabilization Program (wage and price controls)

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    1983: Hospital Prospective Payment System (hospital payment reform)

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    1992: Physician Fee Schedule (doctor payment reform)

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    1997: Children’s Health Insurance Program

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    2003: Prescription Drug Improvement and Modernization Act of 2003

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    2006: Medicare Part D

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    2010: Affordable Care Act

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    2019: High costs, lack of transparency, less individual control

Acting on the best of intentions without foreseeing the worst of unintended effects

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