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Healthcare in the U.S.

The RET Roundtable will convene Sunday, March 4, 10:30 a.m., at Pellissippi State Technical Community College to discuss, “Modern Healthcare Policies and Challenges,” led by Patty McCaffrey. Come early for coffee and fellowship.

Patty’s presentation and discussion will address a number of issues related to the healthcare industry in the United States and will specifically focus on the cost of healthcare and on the uninsured. She will also discuss current proposals for national healthcare.

(more below)

[Some data from the National Coalition on Healthcare]

By several measures, health care spending continues to rise at the fastest rate in our history.

Experts agree that our health care system is riddled with inefficiencies, excessive administrative expenses, inflated prices, poor management, and inappropriate care, waste and fraud. These problems significantly increase the cost of medical care and health insurance for employers and workers and affect the security of families.

National Health Care Spending

- In 2004, health care spending in the United States reached $1.9 trillion, and was projected to reach $2.9 trillion in 2009.

- Health care spending is projected to reach $4 trillion by 2015.

- Health care spending is 4.3 times the amount spent on national defense.

- In 2004, the United States spent 16 percent of its gross domestic product (GDP) on health care. It is projected that the percentage will reach 20 percent in the next decade.

- Although nearly 47 million Americans are uninsured, the United States spends more on health care than other industrialized nations, and those countries provide health insurance to all their citizens.

- Health care spending accounted for 10.9 percent of the GDP in Switzerland, 10.7 percent in Germany, 9.7 percent in Canada and 9.5 percent in France, according to the Organization for Economic Cooperation and Development.

Posted by pking
Feb. 27, 2007