The U.S. Health Care Bubble

Though everyone is aware of the perpetually soaring cost of healthcare, virtually nobody has put two and two together and realized that healthcare has become the ultimate bubble that will put the housing bubble to shame. Soaring healthcare costs are lining the pockets of healthcare industry profiteers at the same time that they have become the leading cause of personal bankruptcy and are bankrupting America itself. One of the greatest reasons why the U.S. merely experienced a Great Recession instead of a full-blown depression is that the U.S. healthcare industry has become a $2.6 trillion bubble economy-within-an-economy that has continued to relentlessly expand and create large numbers of jobs and economic activity.

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