Healthcare in the United States is undeniably expensive, with annual spending reaching an astounding $4.5 trillion—more than double what other wealthy nations pay. In 2022, personal healthcare expenditures soared to $3.7 trillion, marking a 1,629% increase since 1980. Yet, despite this extraordinary spending, Americans often experience worse health outcomes than their peers in other developed… Continue reading Why is Healthcare so Expensive? 5 Truths Revealed
Tag: healthcare costs
Top 5 Reasons Why Healthcare Is Expensive
All over the world, there seem to be underlying issues regarding the cost of healthcare. In Canada, this is a troubling issue as the coverage should be for all citizens. Despite this publicly funded system, the country’s healthcare cost continues to rise, and citizens may have to start paying out of pocket for many services. We take a look here at the underlying reasons as to why it keeps on happening today.