The cost of healthcare in the US is staggeringly high and continues to rise. The average American spent over $11,000 in 2020 on healthcare, a figure that has increased by an average of 5.5% each year since 2000. A major portion of these costs come from hospital care, which accounts for 32% of all healthcare spending in the US. Healthcare insurance also plays a major role, with premiums and out-of-pocket expenses making up 28% and 20% of total healthcare spending, respectively. Doctor visits and prescription drugs are also significant contributors, making up 15% and 8%, respectively. With healthcare costs rising, it is becoming increasingly important for Americans to understand the breakdown of the costs they are paying.
Posts by tag: healthcare
April 5, 2023
What is the cost breakdown of healthcare in the US?
March 28, 2023
Should healthcare in the United States be completely private?
Healthcare in the United States is a complex and contentious issue. Many argue that healthcare should be completely private, with individuals and businesses purchasing insurance plans and services to cover medical expenses. Proponents of this private system argue that it would be more affordable and efficient, with individuals being able to choose the plan that best fits their needs. Opponents argue that it would leave many without access to quality healthcare, as some individuals would be unable to afford the costs of insurance or medical care. Ultimately, it is up to the citizens of the United States to decide whether healthcare should be private or publicly funded.