$48 for a gallon of milk?!

Yes, that’s right. And a dozen eggs would cost you $55—if the cost of food had risen as quickly since 1945 as has the cost of health care.

This information is provided in a visual tool by the Institute of Medicine (IOM), the independent, non-profit health arm of the National Academy of Sciences.

The graphics also reveal that of the more than 2.5 trillion dollars the US spends on health care each year, more than 30% is waste: unnecessary care, fraud, high administrative costs, and  prices that are simply too high.

The cost of health care in the United … Continue reading