Healthcare Spending in United States Out of Control

Drivers for Health care spending differ across top income earning countries

In 2016 the Total cost of Healthcare in the US was 17.8% of the GDP, according to a study published in JAMA, and was double that of other similar high income countries.

What was evaluated:

  1. Overweight and Obese Population: the US was the top by 20%, with 70.1 % of the population falling in the overweight to obese category. With obesity comes a link to 63 other significant health conditions, including high blood pressure, colorectal cancer, Heart disease, Metabolic syndrome (diabetes included), and Back Pain
  2. Average population of smokers: we did well here coming in second to last at only 11%
  3. Average number of Hospital beds per capita: equal to other countries
  4. Average number of physicians per capita: equal to other countries
  5. Imaging: we image across all types at three times the rate of other countries.
  6. Insurance coverage: 90% of US compared to 99% of other countries, but higher in private insurance at 55% of Americans.
  7. Administrative costs of Care: 8% in US compared to 1-3% in other countries
  8. Pharmaceuticals: $1444 in us per person compared with $466-$933 in other countries
  9. Salary of Physicians: US avg $218k, Other countries $88k-150K

What does it mean?

  1. We allow too much oversight from the industry in the healthcare space.
    1. The pre-approval process is set in place by the insurance companies.
    2. Authorization of care is set by a protocol based on research that is not up to current standard of practice
    3. we are allowing business manager to practice medicine without a license by setting the protocols in place.
  2. Medicare needs a tax hike
    1. In order to allow providers to see medicare patients they need a rate hike
    2. A rate hike would be driven by a tax increase
    3. the last time income tax payable to medicare and social security occurred was 1990. That was 31 years ago. 
  3. Stop allowing pharmaceuticals to drive healthcare
    1. The only way to CHANGE your health is to CHANGE your living
    2. Processed foods are not Nutrient dense.
    3. We are thee most overfed, under nourished society in history
    4. Stopping the drug industry from advertising and giving kick backs to government officials and physicians is a start
    5. starting to actually take responsibility for health is the true STEP IN THE RIGHT DIRECTION

50% more spending, Sicker population

Last year, the Center for Medicare and Medicaid Services reported that the total amount spent on healthcare was $4.8TRILLION. That accounts for 18% of the GDP. Yet, we suffered more than most countries in the pandemic. the previous year, 2019, the cost for health care grew almost 5% and were 17.7% of the GDP.

Even without a pandemic, we are not healthy. With cancer, Obesity, High blood pressure and stroke leading as causes of death.

 

 

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