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Tuesday, 16 August 2011

Health Care Cost in USA

Some of the facts about health care costs in USA. These are collected facts from Business Insider magazine.

  1. If the U.S. health care system was a country, it would have the 6th largest economy on the globe. 
  2. Profits at U.S. health insurance companies increased by 56 percent during 2009.
  3. According to a report by Health Care for America Now, America's five biggest for-profit health insurance companies ended 2009 with a combined profit of $12.2 billion.
  4. Between 2000 and 2006, wages in the United States increased by 3.8%, but health care premiums increased by 87%.
  5. According to one recent report, Americans spend approximately twice as much as residents of other developed countries on health care.
  6. The United States spent 2.47 trillion dollars on health care in 2009. It is being projected that the U.S. will spend 4.5 trillion dollars on health care in 2019
  7. What the United States spent on health care in 2009 was greater than the entire GDP of Great Britain
  8. Health insurance premiums for small employers in the U.S. increased 180% between 1999 and 2009.
  9. Even as the rest of the country struggled with a deep recession, U.S. health insurance companies increased their profits by 56 percent during 2009 alone.

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