Why is healthcare so expensive in the U.S?

Indeed, the US is well-known for spending too much on healthcare. Have you ever tried to find out an appropriate answer for it? If not, let’s talk about it.

It is said that the administrative costs of our healthcare systems are really high as compared to any other country which is why there is a significant increase in prices of the health system in the US.

Another reason for US healthcare being so expensive is that the costs of pharmaceuticals drugs are incomparably high. Patients opt for too many treatment services for the treatment of a single disease which involves additional specialists and other doctors. Isn’t that a wasteful and bizarre system after all?

In the US, nurses and primary doctors charge higher prices for a wide range of services. Due to this, they earn significantly more in the US compared to other nations.

Healthcare in the United States is highly expensive and it as exactly double of any other developed country. Despite a lot of money spent on health care, the WHO (World Health Organization) has put our country on thirty-seventh position in healthcare systems. This is not the end as the US has occupied the last position among the top 11 industrialized countries in the overall efficiency of the healthcare system.

This is something terrible which we need to mull over and over and pressurize the central government for reforms.

There are a plethora of reasons why healthcare in the United States is so costly.

• First and foremost, the number of people with chronic conditions such as diabetes, heart disease, and high blood pressure is rapidly accumulating.

• Many Americans have poor eating habits and sedentary lifestyles.

• Healthcare costs have also increased due to the growing population of older people with health issues, defensive medicine, climbing hospital costs, and changes in insurance.

• Another contributing factor to elevation in the cost of healthcare is the cost of medical technology.

• The administrative costs of keeping the healthcare system going are causing high medical bills.

• We also use more prescription drugs than the other countries do, and we employ more technology such as MRI’s and ultrasounds.

• It has also been said that the government does not correctly control the healthcare industry.

Well, there are many answers to this question. I would like to share what I have learned about it, so it might differ from what other people say. Take a look at some of the reasons I’ve found-

• According to the Harvard economist David Cutler, the administrative costs of the healthcare system in the U.S.A. are relatively higher than other countries.

• The second reason is that the cost of medical drugs is too high. In most of the countries, the government negotiates with drug makers for drug prices. However, in the United States, it doesn’t apply as most U.S.A drugs are manufactured domestically.

• The medical representatives of the US tend to go for a mix of expensive treatments and it becomes really expensive when compared with other countries. This is also a major reason for making the US healthcare system so expensive.

• Most of the Americans likely pay more for pharmaceuticals. They don’t negotiate for discounted rates for the medicines(even I don’t negotiate).

The expensiveness of U.S. healthcare is one of the major reasons that people have so much debt. It might increase the GDP of our country but it is making us poorer. It’s time to reform our healthcare system.