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Healthcare Industry

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Healthcare Industry

In 1995, total health care spending in the U.S. was just over $1 trillion. Fast forward to 2010, The U.S. now spends $2.6 trillion on hospitals, nursing home facilities, physicians, dentists, other health care practitioners, outpatient and diagnostic laboratories, home health care services, prescription drugs, durable medical equipment and non-durable medical products. That is a 160 % increase in just over 15 years. Spending on health care now accounts for over 17% of the U.S. Gross Domestic Product (GDP) and according to the Congressional Budget Office, will be 25% of the GDP by 2025 without any changes to federal law. Over 60% of the total spending is driven by hospital care ($814 billion), physician and clinical services ($515 billion) and prescription drugs ($259).

On a per capita basis, the U. S. spent US $8,362 in 2010. In comparison, Canada spent U.S. $5,222; France, U.S. $4,691; Germany, U.S. $4, 668; Japan, U.S. $4.065; UK, U.S. $3,503; Italy, U.S. $3,248 and India, U.S. $54 for each man, woman and child. As a percent of GDP, Canada's healthcare expenditures was 11.3% in 2010 and India's was just 4.1% of their GDP.

Given the relatively high per capita expenditure in the U.S., one may reasonably expect that health care quality measures in the U.S. would be comparably better than these countries. However, this may not be the case. Although, currently there is no generally accepted definition or standard criteria for evaluating health care "quality", these metrics are frequently utilized as indicators of a country' s health care status; infant mortality rate, maternal deaths per 100,000 births and life expectancy. In the most recently concluded decade, the U.S. has either trailed or been amongst the bottom two countries among its developed counterparts list above in each of these measures. However, beauty is in the eye of the beholder. According to a 2011 ABC News poll, among all Americans surveyed, 85% were satisfied with their quality of health care, 83% with their ability to see a doctor, 78% with their ability to see good specialists and 77% with their ability to get the most sophisticated treatments.

There is probably no more contemporary contentious issue than health care reform in the U.S. political arena. The increasing financial burden on many American families due to rising health care costs and a growing share of the population that is not covered by health insurance has not gone unrecognized by those in Washington, D.C. The Obama administration's attempt to deal with the burgeoning costs and accessibility, Patient Protection and Affordable Care Act (ACA), passed by Congress in 2011, in under enormous pressure. The issue is now in the hands of the U.S. Supreme Court which will render a decision during the summer. Irrespective of the outcome, the fundamental problems concerning health care costs will remain. How the U.S. chooses to address these problems over the next several years will influence the country's growth and competiveness and therefore should be of paramount concern to all the citizens.

Tags:   Healthcare industry   Healthcare spending   Durable medical equipment   Home healthcare services   Healthcare costs  

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In 1995, total health care spending in the U.S. was just over $1 trillion. Fast forward to 2010, The U.S. now spends $2.6 trillion on hospitals, nursing home facilities, physicians, dentists, other health care practitioners, outpatient and diagnostic laboratories, home health care services,...

By: Richard Martine Created 73 months ago

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  • Dayang
    September 02, 2012
    0

    I doubt anyone has read any of the vensiors in their entirety. I also doubt anyone will. How is it that this is suddenly a crime against humanity? Complex bills are always hundreds of pages and they are never read by a single congressional member in their entirety nor do they need to be.Big Daddy: I think in your haste to complain about fdm you missed her point: If not reading the bill is bad why only complain about the Left when the Right are equally guilty? Its a fair point that you and the asker missed in your zeal to whine about the Dems. TYPICAL.

    1
  • Pait
    April 25, 2016
    0

    à°•ిà°°à°£్ à°•ుà°®ాà°°్ à°—ాà°°ూ,à°ªోà°¸్à°Ÿు నచ్à°šిà°¨ంà°¦ుà°•ు à°¥ాంà°•్à°¸్! à°®ీ à°µ్à°¯ాà°–్à°¯ à°ª్à°°à°šుà°°ింà°šాà°²ా వద్à°¦ా à°…à°¨ి ఆలోà°šింà°šాà°¨ు. à°¨ిà°œాà°¨ిà°•ి జనం ఏమనుà°•ుంà°Ÿుà°¨్à°¨ాà°°ో à°•ూà°¡ా à°¤ెà°²ిà°¯ాà°²ి à°•ాబట్à°Ÿి à°ª్à°°à°šుà°°ింà°šాà°¨ు.ఇకపైà°¨ à°ˆ à°…ంà°¶ం à°®ీà°¦ à°šà°°్à°šà°•ు à°¤ాà°µు à°²ేదని à°à3à3149;à°°à°¹&5;ం#°šà°—లరు.à°¥ాం—°•్à°¯ూ

    2
  • Pait
    April 25, 2016
    0

    à°•ిà°°à°£్ à°•ుà°®ాà°°్ à°—ాà°°ూ,à°ªోà°¸్à°Ÿు నచ్à°šిà°¨ంà°¦ుà°•ు à°¥ాంà°•్à°¸్! à°®ీ à°µ్à°¯ాà°–్à°¯ à°ª్à°°à°šుà°°ింà°šాà°²ా వద్à°¦ా à°…à°¨ి ఆలోà°šింà°šాà°¨ు. à°¨ిà°œాà°¨ిà°•ి జనం ఏమనుà°•ుంà°Ÿుà°¨్à°¨ాà°°ో à°•ూà°¡ా à°¤ెà°²ిà°¯ాà°²ి à°•ాబట్à°Ÿి à°ª్à°°à°šుà°°ింà°šాà°¨ు.ఇకపైà°¨ à°ˆ à°…ంà°¶ం à°®ీà°¦ à°šà°°్à°šà°•ు à°¤ాà°µు à°²ేదని à°à3à3149;à°°à°¹&5;ం#°šà°—లరు.à°¥ాం—°•్à°¯ూ

    3
  • Pait
    April 25, 2016
    0

    à°•ిà°°à°£్ à°•ుà°®ాà°°్ à°—ాà°°ూ,à°ªోà°¸్à°Ÿు నచ్à°šిà°¨ంà°¦ుà°•ు à°¥ాంà°•్à°¸్! à°®ీ à°µ్à°¯ాà°–్à°¯ à°ª్à°°à°šుà°°ింà°šాà°²ా వద్à°¦ా à°…à°¨ి ఆలోà°šింà°šాà°¨ు. à°¨ిà°œాà°¨ిà°•ి జనం ఏమనుà°•ుంà°Ÿుà°¨్à°¨ాà°°ో à°•ూà°¡ా à°¤ెà°²ిà°¯ాà°²ి à°•ాబట్à°Ÿి à°ª్à°°à°šుà°°ింà°šాà°¨ు.ఇకపైà°¨ à°ˆ à°…ంà°¶ం à°®ీà°¦ à°šà°°్à°šà°•ు à°¤ాà°µు à°²ేదని à°à3à3149;à°°à°¹&5;ం#°šà°—లరు.à°¥ాం—°•్à°¯ూ

    4
  • Margery
    April 25, 2016
    0

    I was in the area sometime last week and thought I would drop by, but as I was looking up ditscrione, I found their site saying it has been closed!! How sad!! I loved their pizza! And the fact that I can order by slices when I am just craving for some yummy pizza but not want a lot was superb.

    5
  • Margery
    April 25, 2016
    0

    I was in the area sometime last week and thought I would drop by, but as I was looking up ditscrione, I found their site saying it has been closed!! How sad!! I loved their pizza! And the fact that I can order by slices when I am just craving for some yummy pizza but not want a lot was superb.

    6
  • Margery
    April 25, 2016
    0

    I was in the area sometime last week and thought I would drop by, but as I was looking up ditscrione, I found their site saying it has been closed!! How sad!! I loved their pizza! And the fact that I can order by slices when I am just craving for some yummy pizza but not want a lot was superb.

    7
  • Earnhardt
    April 26, 2016
    0

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  • Earnhardt
    April 26, 2016
    0

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    9
  • Earnhardt
    April 26, 2016
    0

    Your idea of travel exactly reflects my opinion and my idea of traepl!Hove your postponed visit will soon happen and I will get a chance to meet you (of course after I return from US, heheh)..Ram http://ffpqjzxj.com [url=http://btdhnn.com]btdhnn[/url] [link=http://tuvobbx.com]tuvobbx[/link]

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  • Sewana
    April 26, 2016
    0

    João Pedro: gosto muito (mesmo muito) do "10000 Anos Depois Entre Vénus e Mar;q&euott, mas poria à frente o "Onde, Quando, Como, Porquê, Cantamos Pessoas Vivas", do Quarteto 1111. Espero que estejam ambos no Top 40!José: os Gentle Giant eram excelentes, e já uma vez em conversa me lembro de os teres associado à Banda do Casaco. Normalmente costumo pensar mais nos Malicorne, mas faz todo o sentido pensar nos GG também.

    11
  • Sewana
    April 26, 2016
    0

    João Pedro: gosto muito (mesmo muito) do "10000 Anos Depois Entre Vénus e Mar;q&euott, mas poria à frente o "Onde, Quando, Como, Porquê, Cantamos Pessoas Vivas", do Quarteto 1111. Espero que estejam ambos no Top 40!José: os Gentle Giant eram excelentes, e já uma vez em conversa me lembro de os teres associado à Banda do Casaco. Normalmente costumo pensar mais nos Malicorne, mas faz todo o sentido pensar nos GG também.

    12
  • Sewana
    April 26, 2016
    0

    João Pedro: gosto muito (mesmo muito) do "10000 Anos Depois Entre Vénus e Mar;q&euott, mas poria à frente o "Onde, Quando, Como, Porquê, Cantamos Pessoas Vivas", do Quarteto 1111. Espero que estejam ambos no Top 40!José: os Gentle Giant eram excelentes, e já uma vez em conversa me lembro de os teres associado à Banda do Casaco. Normalmente costumo pensar mais nos Malicorne, mas faz todo o sentido pensar nos GG também.

    13
  • Janaye
    April 27, 2016
    0

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  • Janaye
    April 27, 2016
    0

    Rae, I'm so glad yo3&ru9;#e here with me. It's hard to find moms who talk about having an identity before becoming a mom. It's like having a baby erases everything that came before, but that's not true, you know? It is a process and it's full of choices. You choose which parts of you to carry on with and which parts to leave behind. It's weird and hard. http://xgdvhkln.com [url=http://phqvguafip.com]phqvguafip[/url] [link=http://okizwfmkv.com]okizwfmkv[/link]

    15
  • Janaye
    April 27, 2016
    0

    Rae, I'm so glad yo3&ru9;#e here with me. It's hard to find moms who talk about having an identity before becoming a mom. It's like having a baby erases everything that came before, but that's not true, you know? It is a process and it's full of choices. You choose which parts of you to carry on with and which parts to leave behind. It's weird and hard. http://xgdvhkln.com [url=http://phqvguafip.com]phqvguafip[/url] [link=http://okizwfmkv.com]okizwfmkv[/link]

    16

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