From the American Enterprise Institute’s blog:

Talk about a vicious cycle. The above chart (from must-read healthcare blogger Avik Roy) comes as close as anything I’ve seen to explaining in a picture what is wrong with the American healthcare system. It shows how government policy creates a dysfunctional healthcare market by insulating consumers from the true cost of their healthcare decisions, raising demand/overconsumption of high-end services/costs, prompting more government intervention (like Obamacare) … and more insulation. Rinse and repeat.

You can read the rest of their analysis here.

Nic Horton