What Goes Up Must Come Down: Why Healthcare spending may finally be on the decline

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What Goes Up Must Come Down: Why Healthcare spending may finally be on the decline -

soon the early 190s, Americans began gradually to pay more for health care, and costs have continued to rise over the past three decades.

as a country, we were forced to pay more for our health, and vice versa, have received much less. And it is that people who qualify for health insurance. From 190 to 2012, the rate of of insured persons in the US fell from 86.6 to 84.6 percent. We had the rate remained solid, six million people would have coverage for health care in 2012.

Despite this constant trend, care spending problems health America is finally on the rise. Set out below is the growing evidence that points to our country in a new era of more while paying less.

Why has Health Place on the rise? Healthcare_Spending-1

Aging populations . As the American population ages, we naturally have more health care needs, therefore incur more medical costs. It is planned by the Office of Congressional budget between now and 2035 aging represent the largest share of inflation in health care for Medicare and Medicaid.

Improved results . In the US, we spend more health care than most major countries, and some of the time, this is evident in better health outcomes, such as cancer care, and wait more time shorter than other countries. However, we rank poorly in terms of infant mortality, chronic care coordination, and life expectancy.

The annual expenditure on physicians. The US pass about five times more than the peer countries annually on salaries of doctors. The leading driver in the gap is spending on health care with specialists, which is 3-6 times higher in the US compared to their peers. procedure rates in the US are more expensive, both a standpoint of public and private payers. Specialists are the cornerstone of building a strong health care system and cost for these types of doctors in the United States is relatively low, which benefits the general expenses of primary care, however, it does not help for overall costs of health care due to the significantly higher insurance reimbursement, which ultimately creates an imbalance.

Why spending on health care last works To you rather than against you

as a nation, we live two major trends that are obviously going in the direction of "more and pay less," and here's why:

Many more people have access to coverage for health care than ever before. Due to the implementation of Obamacare in 2014 alone, an estimated 5 million people have purchased health coverage . Why? Because it is more affordable, accessible and portable. While health care group premiums continue to skyrocket, Options for private plans or employer health care reimbursements remain a pragmatic and viable option. Article 105 medical reimbursement plans are gaining popularity because of their low cost and flexibility.

An additional reason why the United States is now more health spending is that health costs have stabilized in recent years and are expected to continue do during the next decade. Health care costs have increased an average of 2 percent faster than the economy between 190 and 08. Health expenditure claimed a heavy part of the economy. Triggers for workers were rare, and premiums catapulting diverted most of their extra wages.

President of the Kaiser Family Foundation, Drew Altman said, "We are witnessing the historic cost moderation now over considerable time. "experts say this is partly related recession. When the economy takes a dive, people generally spend less on medical care.

Conclusion

Although access to affordable health care has been difficult to obtain, economic forecasters predict that over the next few decades, the US health spending will grow at a pace more slower than it did in the 190s and 00s, even as millions of Americans finally have access to health insurance. After two and a half decades to spend more to get less, our nation is now in a cycle of spend less and get more.

What are your thoughts on the future of health care spending?

Individual Health Insurance Facts & Figures

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