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Factors Leading to Rising Healthcare Costs in the United States

One of the most alarming concerns among most American citizens is the country’s rising healthcare costs. It continues to become challenging for uninsured individuals to afford healthcare and seek treatments for their conditions. Read on to learn why healthcare costs in the United States are so high.

Expensive Prescription Drugs

Prescription drugs and medicines are often a common element among most treatments. In fact, these drugs play a critical role in saving patients’ lives and managing their health conditions effectively when taken regularly and in the right quantity.

However, the United States healthcare system offers prescription drugs at prices twice as high as 32 other countries of the world. Their prices increased by 5.7% in 2019 and continue to rise every year. As a result, the overall healthcare spending on prescription drugs continues to rise too. The expensive prescription drug costs are an outcome of Big Pharma’s effort to protect their R&D and other intellectual property.

Unaffordable Medical Care

Apart from expensive prescription drugs, another significant contributor toward high healthcare costs is the unaffordable medical care. Medical care includes hospitalization, treatment, and post-treatment care costs for patients.

Hospital care services cost around 1.2 trillion in 2019. The intense use of medical care services among patients plays a massive role in these costs. Furthermore, the employment of new and advanced technologies and the location of the hospital also determine how high the medical care costs are likely to be.

Increase in Chronic Diseases

Despite the frequent reliance on the healthcare system, the American population continues to become subject to chronic diseases. This is a direct outcome of the lack of preventative care among patients.

The development of chronic diseases among patients of all ages and backgrounds ultimately leads to an increased healthcare spending, making health inaccessible and unaffordable for a significant chunk of the population.

At IHBR, we’re committed to empowering patients and doctors to participate in and play an active role in the decision-making process of medical interventions. We understand the increased need for awareness and education in healthcare institutions in the public and private sector and are dedicated to offering our services through online medical books and publications related to improved patient-doctor communication techniques. Our primary objectives include focusing on patient-centric decisions and providing education to promote shared decision-making in all medical discourse. Check out our book about Risk communication during COVID-19, and contact us to learn more today!

Disclaimer: Please note that this content has been proofread manually and through grammar checkers to eliminate all spacing errors. Any spacing errors you may come across are due to compatibility issues in Microsoft Word.


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