Health Care Issue

This chapter is dealing with the issues of rising health care prices and how it effects Economics. The Gross Domestic Product has grown causing the spending per person on health care to rise. In real terms Health Care today is three times more than in the 1960's. Real Terms means is when the effects of inflation are taken into account. So this means that just because Health Care spending is up does not mean we are in a crisis, because spending on all items are up. For example consumers incomes are higher, so they spend more on things that were thought of as unnecessary in the sixties.…