Why Have Health Care Costs Increased Increased So Exponentially in the Last Thirty or So Years?

Question by PaulDrake: Why have health care costs increased increased so exponentially in the last thirty or so years?
I’m looking for a detailed in depth answer and not the usual polemics and talking points. When I was younger I had jobs that did not provide health insurance and was able to incur some costs that would ruin me today , but did not in that time. What exactly has happened to get us into the unfortunate place we find ouselves now?

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Answer by CR

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