What exactly is Health Care? In today’s economy, healthcare can get to be very expensive for some people (Kimbuende, Eric pg.1). Healthcare costs have been rising for several years and continues today (Kimbuende, Eric pg.1). Expenditures in the United States surpass $2.3 trillion in 2008(Kimbuende, Eric pg.1). Total health care expenditures grew at an annual rate of 4.4 percent in 2008 (Kimbuende, Eric pg.1). This growth has become a major problem for our government, employers, and consumers increasingly struggle to keep up with healthcare costs (Kimbuende, Eric pg.1). Although Americans benefit from many of their investments in health care, the recent rapid cost growth coupled with an overall economic slowdown and rising federal
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Over the past ten years healthcare has changed drastically, with longer life spans, and greater prevalence of chronic; this alone has placed a huge demand on our healthcare system. Ongoing illnesses are the most popular associated with healthcare costs. Nursing homes are the number one place you can find these ongoing illnesses and long term care services ((Kimbuende, Eric pg.1). Some of the disease that is affecting our HealthCare so greatly is: Alzheimer’s disease, Diabetes, and Cancer (Swartz, Kimberly pg.1). The mortality rate for Alzheimer’s disease is decreasing which in return makes our healthcare cost rise for the medication the patients need to stay alive. Together, these trends account for the predicted increase in the number of people living with Alzheimer’s from 5 million today to 16 million by 2050 (Swartz, Kimberly pg.1). The average annual cost for an Alzheimer’s patient with Medicare triple that of a patient without Alzheimer’s.
Whereas the mortality of the previous disease is declining, the mortality of diabetes in the general population is increasing by 1.2% annually. “Currently 10 percent of health care dollars are spent on overall direct costs related to diabetes, amounting to $92 billion a year (Swartz, Kimberly pg.1).” Control and Prevention predicts that spending on diabetes care will reach $192 billion in 2020.
Cancer is one of the leading reasons for the healthcare increase.