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:
- 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
- Average population of smokers: we did well here coming in second to last at only 11%
- Average number of Hospital beds per capita: equal to other countries
- Average number of physicians per capita: equal to other countries
- Imaging: we image across all types at three times the rate of other countries.
- Insurance coverage: 90% of US compared to 99% of other countries, but higher in private insurance at 55% of Americans.
- Administrative costs of Care: 8% in US compared to 1-3% in other countries
- Pharmaceuticals: $1444 in us per person compared with $466-$933 in other countries
- Salary of Physicians: US avg $218k, Other countries $88k-150K
What does it mean?
- We allow too much oversight from the industry in the healthcare space.
- The pre-approval process is set in place by the insurance companies.
- Authorization of care is set by a protocol based on research that is not up to current standard of practice
- we are allowing business manager to practice medicine without a license by setting the protocols in place.
- Medicare needs a tax hike
- In order to allow providers to see medicare patients they need a rate hike
- A rate hike would be driven by a tax increase
- the last time income tax payable to medicare and social security occurred was 1990. That was 31 years ago.
- Stop allowing pharmaceuticals to drive healthcare
- The only way to CHANGE your health is to CHANGE your living
- Processed foods are not Nutrient dense.
- We are thee most overfed, under nourished society in history
- Stopping the drug industry from advertising and giving kick backs to government officials and physicians is a start
- 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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