Health cost

The cost of Medicare Part B is $180 per month. This is up from the $3 per month cost when Medicare started in 1966. This is an annual increase of 7% while the inflation rate during this time period was only 4%. In 1966 Medicare total cost was $3 billion and last year it was $1.15 trillion or annual increase of 10% per year. Obamacare cost $78 billion per year when it started in 2010 and last year the cost was $1.6 trillion or an average increase of 14% per year during a time when inflation increased only 2.5%. These are the reasons why it is necessary to make substantial changes in healthcare cost but no elected officials want to tackle the problem.