Why is Health Care Expensive? Today’s world revolves around money, whether it be for food, clothing, or bills. Hospital visits involve an extreme amount of money and appears to increase each day. People visit hospitals for illness, check-ups, broken bones, etc. Each visit adds another hundred dollars on that month’s payment and it just keeps multiplying, or so it seems. Health care is expensive in itself, then adding on the treatment cost, and there those that cannot afford to pay these bills, making hospital visits not an option. In the United States the costs in health care bills is double the price than in other parts of the world; actually the three trillion dollars in this division would make it the world’s fifth-largest economy
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President of the Commonwealth fund David Blumenthal, M.D. said, “Time and again, we see evidence that the amount of money we spend on health care in this country is not gaining us comparable health benefits. We have to look at the root causes of this disconnect and invest our health care dollars in ways that will allow us to live longer while enjoying better health and greater productivity.” During all the hospital visits the facts begin to show up on our usage of how machinery and prescriptions are two of the leading causes to the United States high rates for health care. Medical technology is a very broad topic, but can be used to describe or refer to the procedures, equipment, and process by which the way medical care is delivered (Snapshots: How Changes in Medical Technology Affect Health Care Costs). Americans are in first for their usage of technology, such as MRIs, CT scans, and PET exams (US Spends More). Studies show that around thirty percent of the United States care is unnecessary and insurance companies are trying to make a headway against overtreatment (Why is health care so expensive). Health care economists predict that forty to fifty percent of yearly cost increases are due to new technology or an …show more content…
Prescriptions drugs in the United States are the most expensive almost double what they are in other countries (US Spends More). On a typical annual cost for cancer prescription drugs increased from around ten-thousand dollars to over one-hundred thousand dollars by 2012 (Islam, Ifrad). Innovations that technology are making are new vaccines that may cost more up front, but could lead to savings in the future for the vaccines results (Snapshots). Technology gives us the fundaments we need for American medicine, it being in our industrial sector (Callahan, Daniel). With these expensive machinery being used raising the cost for health care, there are people that can not afford the tremendous health care prices. “An estimate done by the Census Bureau’s, said that thirty-three million Americans lacked health insurance in 2014 reflects a significant and welcome drop from the forty-two million it reported as uninsured in 2013,” said Dr. Robert Zarr, president of Physicians for a National Health Program, today (More Americans gain health coverage, but many can’t afford to use it: doctors group). In this time of rising health care costs, a great amount of Americans experience troubles or difficulties paying for needed health care services. With the costs that are expected to continue rising, changes happening to private insurance plans and public
President of the Commonwealth fund David Blumenthal, M.D. said, “Time and again, we see evidence that the amount of money we spend on health care in this country is not gaining us comparable health benefits. We have to look at the root causes of this disconnect and invest our health care dollars in ways that will allow us to live longer while enjoying better health and greater productivity.” During all the hospital visits the facts begin to show up on our usage of how machinery and prescriptions are two of the leading causes to the United States high rates for health care. Medical technology is a very broad topic, but can be used to describe or refer to the procedures, equipment, and process by which the way medical care is delivered (Snapshots: How Changes in Medical Technology Affect Health Care Costs). Americans are in first for their usage of technology, such as MRIs, CT scans, and PET exams (US Spends More). Studies show that around thirty percent of the United States care is unnecessary and insurance companies are trying to make a headway against overtreatment (Why is health care so expensive). Health care economists predict that forty to fifty percent of yearly cost increases are due to new technology or an …show more content…
Prescriptions drugs in the United States are the most expensive almost double what they are in other countries (US Spends More). On a typical annual cost for cancer prescription drugs increased from around ten-thousand dollars to over one-hundred thousand dollars by 2012 (Islam, Ifrad). Innovations that technology are making are new vaccines that may cost more up front, but could lead to savings in the future for the vaccines results (Snapshots). Technology gives us the fundaments we need for American medicine, it being in our industrial sector (Callahan, Daniel). With these expensive machinery being used raising the cost for health care, there are people that can not afford the tremendous health care prices. “An estimate done by the Census Bureau’s, said that thirty-three million Americans lacked health insurance in 2014 reflects a significant and welcome drop from the forty-two million it reported as uninsured in 2013,” said Dr. Robert Zarr, president of Physicians for a National Health Program, today (More Americans gain health coverage, but many can’t afford to use it: doctors group). In this time of rising health care costs, a great amount of Americans experience troubles or difficulties paying for needed health care services. With the costs that are expected to continue rising, changes happening to private insurance plans and public