Medicare vs. private insurance in one graph
In inflation-adjusted terms, Medicare spending per beneficiary increased more than 400 percent between 1969 and 2009 while private insurance premiums increased by more than 700 percent.
As Tyson goes on to say, she’s hopeful that competition could someday be part of the solution to rising health-care costs. But so far, it hasn’t worked. I make much the same point — with even more graphs — in this post.