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COPYRIGHT 2004 Investor's Business Daily, Inc.
Byline: GLORIA LAU
How to pay for rising health care costs has been a topic of debate for many decades.
In the 1970s and 1980s, pundits argued that if health care costs ever rose to 10% of the country's gross domestic product, the U.S. was doomed.
But health costs totaled 14.9% and 15.3% of GDP in 2002 and 2003, respectively.
Health spending nearly doubled to $1.6 trillion from 1992 to 2002, according to the Centers for Medicare and Medicaid Services.
Still, the U.S. has one of the world's strongest economies.
IBD recently discussed health-care costs and related issues with Dr. Peter Kongstvedt, vice president of the managed care practice at Capgemini and author...
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