The U.S. health care system is one of the largest and most complex in the entire world. The total health care spending in the U.S. is over $2.5 trillion per year and over $20,000 a year for a family of four. This lesson will go over the major points and concepts involved with respect to our health care system.
The drugs that doctors use to treat you are many times so expensive because it may take over a decade and hundreds of millions of dollars to research, develop, approve, and market one single little drug found in the pill in a person’s hand – a pill that may be used to treat chronic, or long-term, problems like obesity that’s on the rise in the U.S. Such chronic conditions definitely raise the cost of health care for everyone.
Furthermore, the equipment and technologies used to diagnose and treat diseases are no less expensive to develop, buy, and train a doctor to use. An ever increasing aging population demanding access to good quality health care also strains the budgets of our system. And, of course, the desire for health insurance companies and health care providers to make money adds more to the equation here. All of these factors raise the costs associated with our health care system.