Yeah, but to be fair, you got 1950s health care. Iron lungs they could provide. Stents and MRIs they couldn't. Health care has become more expensive in part because it's become more successful and sophisticated. Anybody else remember back when a heart attack was a death sentence? Now it's a less of an inconvenience than breaking your leg. I'm willing to pay for that.
I think if you read a little deeper into Friedman's analysis you'd find that our insurance payments are not generating medical advances.
This is the common point of view, but is it true? Other forms of technology, such as cell phone, computers, and digital cameras have decreased in price while the power and functionality has increased.
Actually, Mr. Friedman's article shows that's NOT true for the most part. By comparing it to advances in other industries, you really get to see how whacked the Health Care system truly is.