Health Care Spending Analysis

has the world’s most expensive healthcare system, yet one-sixth of Americans are uninsured. Approximately one-third (31%) of adults and a little more than one-half (54%) of children do not have a primary care doctor. Federal spending on healthcare in 2005 alone totaled $600 billion, a massive one-quarter of the federal budget. Someone files for bankruptcy every 30 seconds in the U.S of health concerns. And every 1.5 million families lose their homes to foreclosure due to unaffordable medical costs. The U.S. spends six times more per capita on the administration of the health insurance system than Western European nations, who insure all citizens.“ www.realtruth.org/articles/090203-005-health.html. “In United States, the annual cost of health care per capita is $5,711. http://www.visualeconomics.com/healthcare-costs-around-the-world_2010-03-01/#ixzz12f0I1lbk

The United States spend entirely to much money on health care compared to other industrialized countries. Yet, other countries achieved far better health for more people at less cost, according to OECA. Of the 34 countries rated by the OECD study, the United States ranks #1 in health care spending per capita and #1 in percentage

25% or more of one’s income going toward health care is too much for today’s economy this

According to the Garber & Skinner (2008), the United States spends more on health care than other nations but continues to score below other nations in numerous areas of measurement. These scores in, consideration with amount spent, suggest that healthcare is the United States is inefficient. Additionally, the United States has a significantly large portion of under

What does America have to show for all the money it is spending on health care? It wouldn’t be unreasonable to speculate that the U. S. would have the lowest infant mortality, the highest life expectancy, and the most efficient health care in the world. Unfortunately, however, that is not the case. The United States according to the same article, ranks 46th out of 48th in health care efficiency, Serbia and Brazil are the only two ranking lower. Infant mortality and life expectancy in the United States rank 167thand 44th out of 224 respectivelyaccording to the CIA World Factbook (2015). Additionally, approximately 15 percent of people in the U.S. are still uninsured. The return on investment in health care needs to have better results; a system that provides the highest quality care that leaves no one out.

Today, health care issues within the United States are still a major concern in regards to where people of our communities do not always agree with what is being done and what is not being done. The three major issues with health care spending is how much is it going to cost and where is the money going to come from? The amount of per-patient costs have doubled more in the United States than other nations around us. The last issue is the amount of Americans that has no health care at all. This paper will discuss the healthcare expenditures that is necessary for our entire population.

According to the Centers for Medicare and Medicaid Services (CMS), health care spending in the United States has grown at a rate of 3.7 percent since 2012 to $2.8 trillion, costing the U.S. 17.9 percent of total its GDP and ranking it number one spending on health care (Martin et al 67; world bank). Despite having the most expensive healthcare per capita, according to The Commonwealth Fund - a private American foundation dedicated to the promotion of a high performance healthcare system - the U.S. ranks at the bottom of the top ten wealthiest nations in terms of “access, efficiency, and equity” (Davis

In 1998, the United States devoted 13% of its economy to health care, and this figure rose to 16% by 2008. However, despite this rise in government expenditure on health care, outcomes for patients remained the same (Obama, 2016). The quality of the health care system in general was not great; health care

Instead, the findings suggest the higher spending is more likely due to higher prices and perhaps more readily accessible technology and greater obesity. Health care quality in the U.S. varies and is not notably superior to the far less expensive systems in the other study countries [Abstract].

In fact, the spending disparity between the U.S. and the other twelve countries is so vast that only the graph shown above can truly do it justice (commonwealth fund OECD Health Data 2016). The most shocking fact to consider is that despite such high spending, the U.S. still performs worse than these countries on health care. Where the quality of performance is determined by quality, access, efficiency, equity, and life expectancy the U.S. ranks dead last out of the twelve countries. With the exception of Switzerland, the second highest spending country, all of these countries have health care systems that are single-payer, universal, or both

Healthcare spending growth rate trends show astounding estimates. Since 1960, spending has risen from $27 billion ($143 per capita, 5.1% pf GDP) to amazing $1,678.9 billion ($5,670 per capita, 15.3% of GDP, 2003 data) (HHS, 2005). Recent research estimated that by 2013, healthcare spending will be as high as 18.4% of the Growth Domestic Product. It is important to note that the gradual move from hospital to ambulatory setting has resulted in much higher spending on outpatient hospital services and prescription drugs. The spending growth for these two trends is much higher than the overall healthcare cost growth, which, in fact, increases faster than such important economic indicators as GDP growth, inflation growth, and population growth rates.

The United States healthcare system has been the topic of much debate lately, with many propositions and reforms introduced to the public to remedy the many complaints made against the current system. The U.S. spend entirely too much money on health care. Based on data released by the World Health Organization (WHO), the "U.S. spent more on health care per capita ($4, 849) and more than 17 percent of its gross domestic product (GDP) to health care" (Squires, 2012).

The majority of funding for medical technology and advancements comes from government programs such as Medicare, Medicaid, and private insurance companies. The National Health Expenditure, within the last fifty years has leapt from $147 per capita in 1960 to $8, 953 in 2012. The portion of the GDP that

According to the OECD (2017) the healthcare spending in the United States in 2013 had increased about 1.5%, but had lower level in the crisis category. Then looking at the GDP in the United States in 2013 increased about 16.4%. The per capita in the United States spent an average of about

The U.S. spends more on health care than the next 10 biggest spenders combined: Japan, Germany, France, China, the U.K., Italy, Canada, Brazil, Spain and Australia. 10 of the 20 occupations