Why is Health Care Cost Increasing in the USA?

Monday, March 25, 2019
Health care cost based on % of GDP, credit to Learn Liberty

USA has the most expensive health care service among industry countries. In term of GDP that the country spent more than 15% for health care (please see above graph). This number is 30% higher than Switzerland, Japan, Germany and Sweden. Three times higher than Mexico, Latvia and Turkey.


Health care cost per-person, USA compared to other countries,
credit to Peterson Foundation

In respect to cost per capita, one person is expected to spend US$ 9,024 for healthcare in the USA in 2016 (please see the second graph at above). Cost increasing is more than 10 thousand dollar recently. Much more higher than average of OECD countries.

The question is: why health cost is expensive and tend to increase year by year in the USA? The important factors cause the higher health cost are following:

1. Fewer Physicians
- number of physicians per 1000 (thousand) is 3.9. It is considered low compared to average of 7.6 in OECD countries.

2. Lower hospital bed numbers
- Bed number is 2.83 per 1000 (one thousand) people in the USA compared to other developed nations such as Germany (8.48), Belgium (6.18) and France (6.13). Lower supply means higher cost.

3.Higher drug costs
-Prescription drug spending is much more higher in the USA than European countries. It is because drug price is expensive in the America than other countries.


What do you think?

29 comments:

  1. The decrease in physicians...can't get my head around that one (not doubting it; just don't understand).
    Prescription drug prices? Yeah, that's criminal.

    ReplyDelete
    Replies
    1. I used to order prescription drug from outside US …

      thank you to visit my article:
      Why is Health Care Cost Increasing in the USA?
      @
      Health care cost based on % of GDP, credit to Learn Liberty

      Delete
    2. 2. Lower hospital bed numbers
      - Bed number is 2.83 per 1000 (one thousand) people in the USA compared to other developed nations such as Germany (8.48), Belgium (6.18) and France (6.13). Lower supply means higher cost.

      Delete
  2. The rising cost of healthcare, and especially for life-saving drugs, is out of control. Why? Greed? The running of hospitals and clinics by profit-making groups, where making a profit is more important than doing what's best for the patient. My husband and I are very fortunate to be on Medicare. Old age isn't entirely bad.

    ReplyDelete
    Replies
    1. indeed....

      thank you to visit my article:
      Why, is Health Care Cost Increasing in the USA?
      @
      USA has the most expensive health care service among industry countries.

      Delete
    2. Why, is Health Care Cost Increasing in the USA?

      3.Higher drug costs
      -Prescription drug spending is much more higher in the USA than European countries. It is because drug price is expensive in the America than other countries.

      Delete
  3. Replies
    1. thank you to visit my article:
      Why, is, Health Care Cost Increasing in the USA?
      @
      In term of GDP that the country spent more than 15% for health care (please see above graph).

      Delete
    2. Why, is, Health Care Cost Increasing in the USA?
      @
      What do you think?

      Delete
  4. We need to take a look at what's working around the world and create an insurance system that works for everyone in the US!

    ReplyDelete
    Replies
    1. yes, I agree with you.

      Why, is, Health, Care Cost Increasing in the USA?
      @
      This number is 30% higher than Switzerland, Japan, Germany and Sweden.

      Delete
    2. Why, is, Health, Care Cost Increasing in the USA?
      @
      Health care cost based on % of GDP, credit to Learn Liberty

      Delete
  5. Hi
    In Portugal the health debt is so big that we are crushed with taxes, but because there is much corruption and parallel business and unfortunately our politicians are puppets at the hands of lobbyists.
    xoxo

    marisasclosetblog.com

    ReplyDelete
    Replies
    1. I see...

      thank you to visit my article:
      Why, is, Health, Care, Cost Increasing in the USA?
      @
      Three times higher than Mexico, Latvia and Turkey.

      Delete
    2. Why, is, Health, Care, Cost Increasing in the USA?
      @
      Health care cost per-person, USA compared to other countries,
      credit to Peterson Foundation

      Delete
  6. I have encountered where you can't get a certain doctor because they are at their limit of patients, I had never heard of that before. It is so sad the prices that we have to pay, especially for life or death pills. Hoping they can figure out something

    ReplyDelete
    Replies
    1. hope, it will change soon...

      thank you to visit my article:
      Why, is, Health, Care, Cost, Increasing in the USA?
      @
      Health care cost per-person, USA compared to other countries,
      credit to Peterson Foundation

      Delete
    2. Why, is, Health, Care, Cost, Increasing in the USA?
      @
      In respect to cost per capita, one person is expected to spend US$ 9,024 for healthcare in the USA in 2016 (please see the second graph at above). Cost increasing is more than 10 thousand dollar recently. Much more higher than average of OECD countries.

      Delete
  7. I think it's fine as long as everyone get a good care from the hospital or doctor. However, it'll be bad if some people couldn't get a good care when they get sick.

    Although, why is the cost of drug being expensive? It makes people who are sick get a difficulty of paying the drug, I think.

    Actually, I have a pro and contra thinking in this way.
    People who understand about the expensive health care cost will be more care with themselves, so they are more healthy.

    ReplyDelete
    Replies
    1. thank you to visit my article:
      Why, is, Health, Care, Cost, Increasing, in the USA?
      @
      In respect to cost per capita, one person is expected to spend US$ 9,024 for healthcare in the USA in 2016 (please see the second graph at above).

      Delete
    2. Why, is, Health, Care, Cost, Increasing, in the USA?
      @
      The question is: why health cost is expensive and tend to increase year by year in the USA? The important factors cause the higher health cost are following:

      Delete
  8. It is so good that medical care in Poland is available to everyone, however medicines can be quite expensive☺

    ReplyDelete
    Replies
    1. thank you to visit my article:
      Why, is, Health, Care, Cost, Increasing, in, the USA?
      @
      Cost increasing is more than 10 thousand dollar recently. Much more higher than average of OECD countries.

      Delete
  9. I am very Glad medical care in Poland is cheaper than USA.

    ReplyDelete
    Replies
    1. thank you to visit my article:
      Why, is, Health, Care, Cost, Increasing, in, the, USA?
      @
      The question is: why health cost is expensive and tend to increase year by year in the USA?

      Delete
  10. Replies
    1. thank you to visit my article:
      Why is Health Care Cost Increasing in the USA?
      @
      The important factors cause the higher health cost are following:

      Delete
  11. Health care costs are ridiculous here in the US. It's mind-boggling how much my family has spent on medications this year!

    ReplyDelete
    Replies
    1. thank you to visit my article:
      Why is Health Care Cost Increasing in the USA?
      @
      1. Fewer Physicians
      - number of physicians per 1000 (thousand) is 3.9. It is considered low compared to average of 7.6 in OECD countries.

      Delete