They say insurance premiums will keep rising, like it's some monster that's going to eat our entire economy. But won't there be a natural limit? After health care expenditures become around 20% of our GDP, won't people just stop getting health services? Won't people start to think, "okay, this budgetary item is too expensive, so I'm going to stop buying health insurance." Or they'll think, "there's got to be a cheaper insurance provider." For all the complaining about health insurance, I rarely hear people exchange information about which insurance providers are a better deal. It's almost like people haven't yet become smart consumers about their health care.

The government has a budget for Medicare too. And it doesn't have unlimited money. And eventually they'll just have to cut services.

Health care is such a high percentage of our GDP because Americans green light every expense request. You want a helicopter-ambulance? Sure. You want a CT scan? Let's do it! You need drugs? Excellent, here's a whole buffet of them.

Our ad hoc freedom to consume is now the most cherished American freedom.

Or simply, our appetite for health care consumption has been much higher than the industry's capability to satiate it.