My Health Mart is an online, healthcare website. It provides easy-to-read, in-depth, authoritative medical information for users via its robust, user-friendlyweb site. Since 2006, YaCool.Org.Ru has provided the latest news and information about Health News, Diet & Nutrition, Sexual Health, women's Health, Men's Health, Children's Health, Cancer Center, Disease.
Position: Home>News>
Health care costs will keep climbing - Health Care - MSNBC.com
Source: MSNBC NEWS Author: MSNBC NEWS Published date: 2007-02-22  

Health care costs will continue their brisk climb

Report: U.S. expected to spend $1 out of $5 on medicine by next decade

WASHINGTON - Health care is expected to account for $1 of every $5 spent in the United States in another decade.

That means a rise in out-of-pocket expenses, such as the copays for medicine, from about $850 this year to about $1,400 in 2016, a 5.3 percent annual increase.

The cost of health insurance is projected to rise even more quickly during that same time - 6.4 percent annually.

Over the coming decade, spending on health care will continue to outpace the overall economy. By the year 2016, it will total nearly $4 trillion, economists at the Centers for Medicare and Medicaid Services said in a report being released Wednesday.

Today, the number is closer to $1 out of every $6, or $2 trillion.

Consumers are spending more on the latest treatments, despite their rising costs. For example, federal officials cite a significant increase in the use of imaging to detect blockages or other diseases.

Income will also play a significant role in the greater health spending. Historically, when income rises 1 percent, health expenditures go up about 1.5 percent, officials said.

'Desire to purchase good health'
"What that indicates is a desire to purchase good health," said John Poisal, deputy director of the government's National Health Statistics Group.

Dr. Mark McClellan, an analyst who used to oversee the Medicare and Medicaid programs, said greater spending on health care has its benefits. People are not having heart attacks because they're taking medicine that lowers their blood pressure and cholesterol. They're surviving cancer because of more frequent exams and new treatments.

"Greater health care spending is having a tremendous impact on the length and quality of people's lives," he said.

But the United States could be doing much better, he said.

"We know that much of the spending is going to treatments that are unnecessary or lead to medical errors, so we're not getting nearly as much value as we should," McClellan said.

Health and Human Services Secretary Mike Leavitt said the rising costs are creating anxiety for everyone and as well as a political will to change that trend.

U.S. tops for health spending
"America's per capita health spending is the highest in the world," he said. "There is simply no place on the economic leader board for a nation that spends a fifth of its domestic product on health care."

The administration is pushing government agencies, insurers and health care providers to make information available that would help consumers become good shoppers. For example, Medicare lists the percentage of pneumonia patients at various hospitals who received a timely antibiotic, an indicator of the quality of care.

 Click for related content

"The only force strong enough to change the course of health care is a marketplace where consumers have the information and the incentive to choose quality and keep costs low," Leavitt said.

The economists said their study doesn't determine how much the rising costs will affect the average American family. There are too many factors involved, particularly when the federal government accounts for about half of overall health spending through programs such as Medicare, Medicaid and the Department of Veterans Affairs.

The economists also predict that government programs will gradually replace employers when it comes to providing health insurance for millions of Americans.

"We are moving incrementally away from traditional sources of insurance, such as employer-based coverage, to a system comprising more federal and state government-provided health care," said the economists, whose report will be published in the journal Health Affairs.

?2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[back to top] [Print This Article] [Close]  
Top Stories
Prostate cancer treatment might shorten penisHormone therapy plus radiation reduced aver
THURSDAY, July 6 (HealthDay News) -- Only 38 percent of teen and young adult sexual as
Food pyramid to be erected in stores at lastRevised nutrition triangle promoting better
MONDAY, June 26 (HealthDay News) -- Scientists believe they\'ve found a way to spot au
Activists raise outcry over stunting disabled girlThey've filed complaints, want AMA to
Ward off cancer with bad breathPowerful antioxidants in onions and garlic may offer prot
Related
Boost your brain power with exerciseIncreasing evidence suggests another reason to get m
Drugmaker stops lobbying efforts for STD shotsMerck criticized by parents and doctors fo
Earliest surviving preemie to remain in hospitalDoctors decide not to release infant gir
Gambia's president claims he has cure for AIDS'Miracle' concoction of green paste, bitte
Bad at math? Worrying makes you even worseAnxiety robs your brain of space it needs to c
Smoking changes brain same way as drugsSimilar to effects seen in animals given cocaine
Brain's 'filing system' may affect forgetfulnessAging isn't necessarily to blame for mem
Prepackaged mushrooms recalled for E. coliTests show possible contamination in BJ's Whol
 
Home | News | Diet & Nutrition | Sexual Health | Women's Health | Men's Health | Children's Health | Cancer | Disease
Note: This site does not provide medical or any other health care or fitness advice, diagnosis, or treatment. The site and its services, including the information above, are for informational purposes only and are not a substitute for professional medical or health advice, examination, diagnosis, or treatment. Always seek the advice of your physician or other qualified health professional before starting any new treatment, making any changes to existing treatment, or altering in any way your current exercise or diet regimen. Do not delay seeking or disregard medical advice based on information on this site. Medical information changes rapidly and while MyHealth-Mart and its content providers make efforts to update the content on the site, some information may be out of date. No health information on MyHealth-Mart, including information about herbal therapies and other dietary supplements, is regulated or evaluated by the Food and Drug Administration and therefore the information should not be used to diagnose, treat, cure, or prevent any disease without the supervision of a medical doctor.
© copyright reserved by YaCool.Org.Ru 2007-2008