Rising Health Care Costs – A Sign Of Progress!
In the United States we spend more per capita on health care than any other country in the world. We spent $7,421 per capita as compared to about $3,500 countries with universal national health care systems such as France and Germany. In fact, according to the latest data, we spent $2.2 trillion in 2007 on health care, or 16.2% of our Gross Domestic Product (GDP). Even more worrisome is that expenditures continue to rise at an alarming rate of 6% annually.
There is however, another side of the American health care story, one that is rarely discussed but one that has added dramatically to health care costs. In the past 25 years we have turned deadly diseases such as AIDS and many cancers into chronic illnesses. Death is cheap… Continue reading | 10 Comments