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 deficit, is placing great strains on the systems used to finance health care (Kimbuende, Eric pg.1). The exceeding cost of health care is causing more problems for the poor and middle class individuals (Kimbuende, Eric pg.1).
One problem that is feeding into our healthcare deficiency is the spending on technology and prescription drugs (Kimbuende, Eric pg.1). For several years, spending on new medical technology and prescription drugs has been cited as a leading contributor to the increase in overall health spending (Kimbuende, Eric pg.1). “New drugs and technology increase healthcare costs because they generate consumer demand for intense costly services.” Even though the cost of healthcare related to technology and drugs have decreased over the pat couple of years, it is still an issue in our society (Kimbuende, Eric pg.1).
Another thing that affects our healthcare costs is chronic disease (Kimbuende, Eric pg.1). Seventy-six percent of Medicare spending is on patients with five or more chronic diseases (Swartz, Kimberly pg.1). An abundance of people in our world today have chronic disease which affects our Medicare and healthcare spending (Swartz, Kimberly pg.1). 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...