Date post: | 11-Jan-2016 |
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By Janki Shah and Ella Teplitsky
The High Cost Of Health Care in New York State
Background/Evidence• In 2008, the U.S. spent $2.4 trillion or 16%
of gross domestic product (GDP), on health care.
• This is approximately $6,500, per person, annually
• U.S. spending on health care is greater than any other industrialized nation.
• However, greater cost, doesn’t necessarily mean greater quality.
• Currently there are approximately 45 million uninsured Americans nationwide
Negative Effects for High Cost of Health Care
• About 1.5 million families lose their homes due to foreclosure high medical costs
• Uninsured put pressure on public resources because when these patients seek care in the ER and public clinics, taxpayers ultimately foot the bill.
• Uninsured are more likely to avoid routine preventative care.
Negative Effects for High Cost of Health Care
• Employers decrease wages due to the high costs of coverage for their employees.
• Families are burdened with high medical bills because the price of coverage (premium) increases
• Physician doctors earn 2-3 times as much as physicians in other industrialized countries
•
Causes of the Societal Problem
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