July 13, 2009. He writes on The Enterpriseblog:
I argued that the U.S. rate of healthcare cost growth hasn’t been radically higher than other countries’ in recent years and that there are some good reasons we would want to spend more on healthcare. Among these are rising incomes, which make health spending more attractive relative to other goods and services, and new technologies, which give us something to spend those rising incomes on.The complete article is available here.
The same factors impact healthcare services for our pets. And unlike human healthcare, veterinary care has almost no government provision and very little insurance. In other words, almost all health spending on Fido is paid out of pocket.
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