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The Role Of Healthcare Spending In The United States

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The Role Of Healthcare Spending In The United States
In the beginning of the 20th Century, healthcare spending in the U.S. was at .25 percent. It slowly started to increase for about six decades but then went back down in the early 60’s. When Medicare (a federal medical program for 65 years and older) and Medicaid (a federal medical program for the poor) began in 1965 and 1966, the healthcare spending rate went up 2 percent then it was up 3 percent by 1980. Since then it’s steadily gone up as high as 7.54 percent. There are several factors as to why the healthcare costs have soared so much through the years. PBS News formed a list of the top 7 reasons why healthcare has raised so much.
• The U.S. pays their hospitals, doctors and medical providers more than other countries. Instead of getting
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