Health Care Spending

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National Health Care Spending in the U.S. Cornelia R. McCoy HCS440 January 3, 2011 Kristina Gray National Health Care Spending in the U.S. Health care costs have been rising for several years. Expenditures in the United States on health care surpassed $2.3 trillion in 2008, more than three times the $714 billion spent in 1990, and over eight times the $253 billion spent in 1980 (Blumenthal, 2001). Decreasing this growth has become a major priority, while employers, consumers, as well as the government are challenged to keep up with health care expenditures. Dealing with this challenge will be very hard under any circumstances. So far, it has been proven impossible unless the circumstances that prevent poor and uninsured people from getting medical care are addressed concurrently. Evidence of rising health care expenditures is nationwide. Hogan and colleagues estimate that private expenditures increased by 6.6 percent per insured person in 1999, as compared with increases of 5.1 percent in 1998 and 3.1 percent in 1997 (Hogan C, 2000). Currently the U.S. spends 16 percent of gross domestic product on health care, compared with 8 to 10 percent in most major industrialized nations. The Centers for Medicare and Medicaid Services which is also known as CMS, guesses that growth in health spending will continue to outpace GDP over the next 10 years. I feel that the government is in trouble when it comes to health care. They are trying to figure out how to provide all Americans with health care, and not go broke. Not only that, but there are many other factors that contribute to the rising expenditures that might be submissive to the policy, such as investment in information technology. IT a good use of technology, such as electronic medical records, has been encouraged and researched for its potential to share more information and reduce overhead costs. $19

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