Healthcare Cost Crisis
Time 2022-09-17 21:12:32Web Name: Healthcare Cost Crisis
WebSite: http://www.healthcostcrisis.org
ID:319017
Keywords:
Healthcare,Cost,CrisisDescription:
Medicare Spending
233885000000
national healthcare spending
110182000000
PRIVATE insurance Spending
721393000000
Health spending per person is growing faster than household income Health Income Total Increase Since 1990 states now spend more on Medicaid than K-12 education States people can’t afford their prescriptions OUT OF POCKET MEDICARE TOTAL U.S. Total Drug Spending Hospital prices have grown since 1990 Cost of Hospital Stay vsNew Car Employers will spend on health coverage by 2040 Premiums = $U.S. families are burdened with the world’s costliest healthcare.
57 million
Americans have cut back household spending to pay for healthcare or medicine.
45% of American adults fear that a major health event in their household could lead to bankruptcy. Even with employer health coverage, a family earning $45,000 a year must budget at least 20% of their income for health expenses including premiums and out-of-pocket costs.
Health Income Total Increase Since 1990 Health spending per person is growing 2X faster than household income. Slide to see what the future holds “Medical bills strike more fear in the hearts of Americans than serious illness... the very health and wealth of our nation and its people are at stake.” Shelley Lyford, President & CEO, West HealthCan you afford healthcare in the future?
You and your employer pay a lot for healthcare. Now and in the future.
Healthcare spending is failing U.S. education.
2X Since 1990, the share of state spending on Medicaid has doubled at the expense of our students.Childhood education is suffering under the weight of rising state spending on Medicaid. America’s children — our future — deserve better. We need to control rising healthcare costs so they don’t push aside other important priorities.
States 44 states now spend more on Medicaid than on K-12 education. Slide to see what the future holds “Healthcare costs are consuming our country’s wealth to the point where we can’t properly educate our children...” Gary West, Founder, West HealthDrug profits are getting healthier as Americans get sicker.
$360 Billion
is how much the U.S. spends today for prescription drugs.Food. Clothing. Rent. Utilities. Many Americans must make hard choices to afford medications. Even worse, almost one in five forgo needed prescription drugs due to cost. With drug companies charging higher and higher prices, fewer Americans will be able to afford the drugs they need.
OUT OF POCKET MEDICARE TOTAL U.S. Total Drug Spending 48 million people can’t afford their prescriptions Slide to see what the future holds Washingtonville, New York “Are these pills made of Gold?” Tim faced an all too common crossroads: “I bought the drugs I needed or I would be dead.”Healthcare prices are skyrocketing.
3X By 2040, the average cost of a hospital stay will be three times the average cost of a new car.Going to the hospital can be a huge financial blow for Americans. Insurers, employers, and everyday people all feel the pain of rising healthcare prices, including hospital stays, physician visits and prescription drugs. Unless we act now, we can expect the cost of a hospital stay to reach $135,000 by 2040.
Cost of Hospital Stay vs New Car Hospital prices have grown 600% since 1990 Slide to see what the future holds Dryden, Michigan “For the Siglers, an unexpected hospital visit was denied by their insurance... leaving the couple with a bill they could ill afford. ”Spending on healthcare is stifling business growth.
$810 Billion
will be spent this year to support employee healthcare.
As a business spends more and more for employee health insurance, less and less is left for investing in their company’s future. It’s no wonder Warren Buffett calls healthcare “the tapeworm of the U.S. economy.”
Premiums = $ Employers will spend $2 trillion on health coverage by 2040. Slide to see what the future holds "The ridiculously high cost of our broken healthcare system poses an even greater threat to our great nation than any foreign enemy.” Gary West, Founder, West HealthTake Action!
Let’s stop the epidemic of high healthcare costs in America. Join our movement.
Take Action!
Let’s stop the epidemic of high healthcare costs in America. Join our movement.
TAGS:Healthcare Cost Crisis
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