By the 1960s, how were health care costs trending compared to inflation?

In the 1960s, health care costs were indeed increasing faster than the general rate of inflation. This trend can be attributed to several factors, including advancements in medical technology, rising labor costs, and an increase in the demand for health services. As more sophisticated treatments and innovations became available, the cost to provide those services rose significantly. Additionally, as the population aged and health issues became more prominent, there was a growing demand for medical care, which further fueled cost increases.

This trend of health care costs outpacing inflation has been a persistent issue in many economies, leading to ongoing discussions about healthcare policy, funding, and access. Understanding this relationship between health care costs and inflation is crucial for addressing current and future challenges in the healthcare system.