"20 U.S. Health Care Statistics That Will Absolutely Astonish You"

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"20 U.S. Health Care Statistics That Will Absolutely Astonish You"

by Epic Economist

"The U.S. health care industry has become a massive money-making scam, and in today's video, we are going to show the statistics that prove it. The United States spends more on health care per person than any other country in the entire world, and even though we are the most medicated population on the planet, we are also one of the sickest. Amongst developed countries, we have the worst life expectancy and the highest infant mortality despite having to pay the highest prices for health care services by far. While millions of Americans are drowning in medical debt, big pharmaceutical corporations are recording billions of dollars of profits every year, but the quality of the health care that the U.S. population receives in return is rather quite poor.

Right now, health care bills cause more bankruptcies than anything else does. Millions of people are afraid to go to the hospital because they know that even a short visit could result in a gigantic financial burden that could devastate them for decades. Meanwhile, rates of cancer, heart disease and diabetes continue to rise all over the nation. Considering the gigantic piles of money we shell out for health care, we should have the greatest system in the entire world. But we definitely don't, and this is a major indication that something has gone horribly wrong.

According to Brookings data, spending on health care in the United States has grown steadily over the past two decades, rising from $2,900 per person in 1980 to $11,200 per person in 2020, marking a staggering 290% increase.

With each passing year, health bureaucrats and greedy corporations get increasingly richer with the demise of the U.S. health care system while the rest of us go broke trying to pay for our health care. Over the past three decades, Americans had to face an absurd rise in medical bills and deal with insane levels of medical debt.

According to estimates released by the Kaiser Family Foundation, in 2021 alone, 70% of Americans with medical bills had to lower their spending on food to avoid bankruptcy, while 59% had to dig into their savings, using most or all of it to cover an unexpected health expense, 41% were forced to take a second job to be able to pay their debt, and 37% had to borrow money.

Rather than doing something to address the abuses of the health insurance and pharmaceutical corporations, over the past two decades, U.S. politicians have actually come up with policies that gave these companies even more power. Under the current policies, our health care costs will go up even faster, and the quality of health care services will continue to go down.

Right now, the health care system in the United States is so broken that it probably cannot be repaired. The entire structure needs to be dismantled and completely reinvented if we want to see actual improvement. But considering that the wealthy bureaucrats are pretty comfortable with their billion dollar profits, most of us won't likely see such a change happening in the U.S. health care system in our lifetime."

- https://www.epiceconomist.com/