Is Americas Health Care System the best or just the most expensive in the world?
The United States spends more on health care than any other country in the world and the health care costs continue to rise. Government figures show that in 2004 health care spending reached $1.9 trillion, equaling 16 percent of the U.S. gross domestic product. Joseph Quinlan, Chief Market Strategist for Bank of America, based in New York, says rising health care costs affect American households, as well as businesses and government. He says, “Most Americans get their health insurance from their employer. Not all of them, however. Large companies provide basic health care services. But what you see is more and more U.S. employees, the workers, spend more money out of their pocket to help cover their health care cost. So out-of-pocket expenses for the average American are rising tremendously. And then, don’t forget, you’ve got 45 million Americans without any health insurance. They have fallen through the safety net, so to speak.” The United States spends more money per person on health
Related Questions
- It is often stated that the United States has the best health care system in the world. Wouldn quality of health care decrease in Connecticut under this Act?
- Don we have the best health care system in the world? Won reform just add to costs without any improvements?
- Is Americas Health Care System the best or just the most expensive in the world?
