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us spending too much on healthcare

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us spending too much on healthcare
U.S Healthcare Spending Healthcare spending is currently at an all-time high in the United Sates. Staying healthy in United State of America is really expensive without health care insured. New medical technology cost has growth and median income of family tax is getting increase.
New medical technology confers benefits cost has growth to five specific condition: hearth attacks, low-birth weight babies, depression, cataracts, and breast cancer. Most of the people with healthcare insured more likely get to use the new medical technology than uninsured people. Cost of healthcare has increase because of the new technology benefits get to use. Hearth attacks or acute myocardial infarction (AMI) is one of the most reason for hospital and the most expensive hospital diagnoses. Technology is being use to improve for AMI patient, because of this issue the increasing number are being treat. As people number are being treat, the cost of the healthcare are also getting high. According to the Cutler and McClellan’s net benefit estimates, “the value of this insurance gap is approximately $1.1 billion annually” (Exhibit 4). In 1999 and 2009, median income for US family of four with employer based health insurance saw its gross annual income from $76,000 and $99,000. Now a day, health care cost are effect a family’s such as: private health insurance monthly pay, out-of-pocket spending, family’s premium for private health insurance and family’s federal, state tax burden. During the next decade, family of four with employer health insurance grew up to 30 percent, to $99,000. At the same time the family premium monthly payment grew up to 128 percent, from $490 to more than $1,115 (Auerbach and L.Kellermann 2011). U.S use a lot of interventions where expensive diagnostic tests, such as MRI and CT scans, knee replacements and so on. U.S have a very good quality of cancer care, and having very good health services. According to OECD indicators “at 17.4% of GDP in 2009, US health

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