Health Care Act Of The United States

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Health care costs in the United States are higher than ever before and the issue of how much Americans are spending on their health care is more prevalent than ever. Factors such as unhealthy lifestyles, increasing use of medical technology, increasing costs for prescription drugs, as well as large out of pocket premiums and lower household incomes all contribute to the high costs of medical spending. The United States is the global leader in spending on health care, compared to its European counterparts, most of whom offer various forms of universal health care to their residents (Squires and Anderson). With the passage of the Affordable Care Act (ACA) in 2010, the United States is trying its own form of universal health care in an effort…show more content…
Compared to other developed countries with similar wealth to the United States, the U.S. spends more per capita on healthcare than anywhere else in the world. While the United States spends almost $9,000 per capita on healthcare, the next highest spender Switzerland spends only slightly more than $6,000 per capita. The average amount spent in comparable countries in 2012 is $4,460, roughly half of what the U.S. spends annually (See Table 1). Since 2012, total health care spending in the United States has increased from $2.8 trillion to about $3.1 trillion in 2014, while per capita spending rose to $9,697 per person for the year 2014 (US Healthcare Spending). Growth in total spending on healthcare has increased from 3.7% in 2012 to 6.1% in 2014 (US Healthcare Spending). In 2013, the United States spent about 17% of its GDP on healthcare; the highest of any developed country (Allen). Increases in health care spending are not necessarily due to Americans visiting hospitals or physicians more frequently than residents in other countries. Higher health care prices in the United States can be attributed to the increased use of medical technology compared to other countries, the privatization of the healthcare industry, as well as a higher use and cost of pharmaceuticals
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