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Americans Take More Drugs Have More Deaths at a Cost of $2 Trillion

Posted by Jane Akre
Tuesday, January 08, 2008 11:39 AM EST
Category: Major Medical, Protecting Your Family
Tags: Medical Devices, FDA and Prescription Drugs, Wrongful Death

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The U.S. pays more for its health care than any other nation with the poorest outcome for preventable disease.

The government has just released our health care bill for 2006 and it comes in a whopping $2 trillion dollars, the largest bill ever. 

That translates to more than $7,000 per person for health care costs.

At the same time, the U.S. ranks last among 20 indistrialized nations in preventable deaths.

This analysis, completed by the Department of Health and Human Services and shows that spending for health in the U.S. pickup up 6.7 percent in 2006, up two-tenths of a point from the previous year which actually represents a slowing trend.

The segment with the healthiest profits continues to be the prescription drug sector. Spending for prescription drugs rose 8.5 percent totaling $16 billion dollars.

Aaron Catlin, the economist with HHS says "We attribute about 50 percent of the increase in spending to increase in use," Catlin says. "Some of that increased use came from beneficiaries under Part D."

Consumers buy prescription drugs through Medicare and that has made drugs more affordable for more people.

Health care costs are rising at a rate twice inflation, which experts note is slower than before but unsustainable particularly at a time when the Baby Boomer population moves into its senior years, medical equipment costs are rising and more people are obese than ever before. #

  

 


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