No one has been able to tell me why the incredible increases in health care cost and my medical insurance in particular, do not constitute a "health care" bubble. Surely we must be able to identify the underlying "asset" whose increasing valuation is causing this?
My next question was does one actually need an asset for a bubble to form? We have money chasing what exactly? Health? Youth? Malpractice suits?
It looks like the Congress will actually do something. The bubble may still explode. Bubbles, bubbles, and bubbles.
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Very good question. Does anybody really know why we are apparently irrevocably bound to endure continually rising health care costs. Our technology is pretty exotic: have you ever really sat down and thought about what a computer does?--and its costs keep going down.
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