In 2005 (the latest year data are available), total national health expenditures rose 6.9 % --two times the rate of inflation. Total spending was $2 Trillion in 2005, or $6,700 per person. Total health care spending represented 16% of Gross Domestic Product (GDP)
U.S. Healthcare spending is expected to increase for the next decade reaching $4 Trillion in 2015, or 20% of the GDP. 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.
Although over 47 million Americans are uninsured, the United States spends more on health care than other industrialized nations, and thaose countries provide health insurance to all of their citizens.
According to National figures, nearly 23% of the uninsured reported changing their way of life significantly in order to pay medical bills. One survey showed that housing problems resulted from medical debt, including the inability to make rent or mortgage payments and the development of bad credit ratings.
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