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America's Health Care Spending Still Rising

Written By: Brenda (B.K.) Walker

August 2015

Whether you think the Affordable Care Act/Obamacare has been good for Americans really isn't the biggest issue when it comes to health care. The big problem is COST…and it doesn't look like we are getting any closer to resolving that issue.

A recent CNBC report revealed…

"Nearly $1 in every $5 spent in the United States by 2024 will be on health care, according to a government projection…"

Part of increase in health care spending is due to more Americans enrolled in health insurance plans, along with more older Americans switching to Medicare. The growth in spending is expected to be around 5.8 percent between 2014 and 2024.

Other factors driving the spending increase are expected increases in money spent on pharmaceutical products, especially for specialty drugs for cancer treatments, multiple sclerosis, and hepatitis C.

Of course, there is little doubt that there will be some type of price hike in 2016 health insurance policies.

Back in the USA News Story:America's Health Care Spending Still Rising.

Read more of the CNBC report: $1 of every $5 spent in US will be on health care


Other Articles of Interest:

Justice Department Strikes a Blow Against Medicare Fraud

Obamacare Insurance Premiums Could Increase in 2016

Using Customer Service to Lower Health Costs: What a Concept!

1000% Mark-up on Some Hospital Treatments


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