• HobbitFoot @thelemmy.club
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    2 days ago

    Outside of the USA? You can still start around the 70’s as a time when medical costs started increasing as the greatest generation started to retire, taking away talent from the workforce and starting to use all those retirement benefits they were entitled to. You also had an increase in quality of medicine, which usually came at a cost.

    Funding these higher costs would require new taxes, which was becoming politically unpopular across First World democracies.