Home Medicine Why is the cost of healthcare in the U.S. so high?

Why is the cost of healthcare in the U.S. so high?

by Universalwellnesssystems

Talking to a group of doctors about health care sucks, but I’ve been known to tread in areas I probably shouldn’t. The North Carolina Academy of Family Physicians is made up of deeply respected and dedicated people. They are the gateway to healthcare.

Primary care physicians choose this specialty as essential to their patients’ health, but not necessarily to themselves. Less than 1 in her 4 new doctors are on this path. Those who do value the personal relationship they have with their patients and truly believe that this is the best approach to improving their overall health.

I started my remarks by calling the common attention that healthcare costs are too high. With only 4% of the world’s population, the country is responsible for nearly half of the $8 trillion in global health care costs. In 1970, the United States spent her 6% of its Gross Domestic Product on health care. According to the Centers for Medicare & Medicaid Services (CMS), this is currently 19.7%, equivalent to 20 cents of every dollar of economic output. Health care costs per capita are estimated at $11,945, more than double her average in the developed world. About 64% of those surveyed also said they avoided or delayed medical care because of the cost.

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