Since the end of the Great Recession, more than a quarter of economic growth in Indiana has been swallowed by ballooning healthcare cost growth. Our healthcare spending is a clear national outlier, ranking only behind Alaska. Since the end of the Great Recession, increased healthcare costs absorbed a stunning one-third of growth in Hoosier family incomes. For about half of Indiana families, just the extra cost of healthcare monopoly prices is more than their combined property and income taxes.
One effect of this is that for a decade, Indiana’s economy grew at only half the pace of the nation as a whole. Healthcare cost growth is a top three leading cause of our dismal economic recovery, and a drag on Hoosier families and businesses.