From Kim Ruhl, a really striking chart of health care spending per person in the US, UK, Germany, France, and Japan — by age. The link comes from Dan Munro, who got it from Mary Meeker. I don’t know the underlying data, so can only take it at face value. Lots of others have piled on, including some who suggest the chart is misleading; see the comments to Austin Frakt’s post. I’d start here (esp Fig 1) and here.
However that turns out, the consensus is that health care costs are far and away the biggest fiscal issue facing the country. Unless I missed something, there’s been no mention of that during the recent drama surrounding the fiscal cliff. Andy Borowitz reminds us of the good news: the Senate has had to work over the weekend.
Happy New Year to all.