Seriously? You're using "the good old days" as a yardstick? Which "good old days" was this? The good old days when medicine was very cheap and not very effective? When mortality rates were pretty high? When the used leeches? Prior to the invention of anesthesia? Prior to cancer care? Prior to vaccinations? Prior to MRI-scans? Prior to transplants? When surgery was still carried out by barbers? When chewing willow bark was the pinnacle of pharmacology?
Again, if you're going to state something as fact, you're going to need evidence of some sort, not some rose-tinted view of "the good old days".
Costs of nearly everything has gone down since the 'good old days' as compared to a percentage of income. The car went from a commodity used only by the super wealthy, to a method of transportation for all. Free markets and innovation drove costs down and quality up.
Why should medical care be any different?