Call us: 1.877.283.7882 | Monday–Friday: 8:00 AM–4:30 PM ET

Private MD News

Home | News | General Wellness

Numerous factors contribute to rising healthcare costs

Category: General Wellness

According to a recent report from the Bipartisan Policy Center, the United States' healthcare costs are more than $2.6 trillion, which is greater than any other country in the world. The rising price of healthcare does not have one cause, and there are a myriad of factors that contribute to the increased expense of staying healthy.

Age and illness
The report notes that one reason for increased spending on healthcare is that the U.S. population is living longer, but also getting sicker and more obese. The baby boomer generation, which is starting to reach retirement age, will add another 1.6 million people onto Medicare's roll. Also, according to the Bipartisan Policy Center, more than 50 percent of U.S. citizens suffer from chronic conditions like asthma, cardiovascular disease or diabetes, which can detected with a lab test.

Obesity alone is a contributor to many chronic health-related issues. According to the Centers for Disease Control and Prevention (CDC), 35.7 percent of U.S. adults are obese. In 2008, the condition and its related ailments, like type 2 diabetes, cancer, heart disease and stroke, accrued nearly $147 billion in medical costs. This trend shows little sign of improvement in the succeeding generations: Since 1980 the rate of obesity among children has almost tripled, and nearly 17 percent of kids and adolescents are overweight.

New treatments
The Bipartisan Policy Center added that another factor in rising healthcare costs is that patients and doctors are continually demanding the newest treatments and medications. Unfortunately, just because something is new, does not make it better, just more expensive. Most drugs are simply tested for safety, not their effectiveness compared to the older treatments or placebos.

The report goes on to claim though that even with the wealth of knowledge on the internet and in medical journals, the average American has no criteria for grading treatments and comparing them to pre-existing medications. When it does get revealed that a treatment method may be ineffective, that information takes a while to alter how healthcare providers and patients think in terms of solutions.

Medical monopolies
Medical care is also becoming increasingly monopolized as providers consolidate with their competitors and put physicians on their payrolls. Because companies are growing and there is less competition, they have the power to demand higher prices. According to the report, from 1996 to 1997, nearly 41 percent of physicians were in a one- or two-person practice, but that number dropped to 33 percent during 2004 and 2005.


Related Articles from Private MD:

Share on Facebook

Subscribe to Private MD Health News RSS Feed: Subscribe

News Categories:

Advanced Lipid Treatment I   Allergy Testing   Anemia and RBC disorders   Autoimmune Diseases   Bariatric Lab Testing   Blood and Blood Diseases   Breast   Cancer Detection and Tumor Markers   Celiac Disease Testing   Chlamydia   Coagulation and blood clotting disorders   Colon   Diabetes   DNA, Paternity and Genetic testing   Drug Screening   Environmental Toxin Testing   Female Specific Tests   Gastrointestinal Diseases   General Health   General Wellness   Heart Health and Cholesterol   Herpes   HIV   HIV monitoring/Treatment/Testing/Post Diagnos   Hormones and Metabolism   Infectious Diseases   Infertility Testing-Male   Infertitlity Hormone Testing   Kidney Diseases   Leukemia and WBC disorders   Liver   Liver Diseases   Lyme Disease   Male Specific Tests   Menopause/Peri-Menopausal Diagnosis   Musculoskeletal Diseases   Organ Specific Testing   Ovarian   Prostate   Sexually Transmitted Diseases   Thyroid Diseases   Transgender Hormone Testing-female to male   Transgender Hormone Testing-Male to Female   Vitamin D Deficiency-Diagnosis and Treatment   

Visit the Health News Archive: Click Here

Questions about online blood testing or how to order a lab test? Click here to get started or call us toll-free at 1.877.283.7882. Our professionals are ready to assist you.

Back to top