THE HIGH COST OF GETTING SICK
THE EFFECTS OF MEDICAL INFLATION
- Primary Effect: Increase in doctor’s incomes from $41,500 in 1970 (dentists $28,100; engineers $17,700, professors $16,800) to $160,000 in 1991 (professors $65,000)
- Secondary Effect: Even though the quality of doctors may have increased, the total quality of medical care decreased due to greater self-diagnosis & self-treatment