Photo: Ollie Crafford via flickr
The U.S. health care system has become one gigantic money making scam, and you are about to see the statistics that prove it.
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Today, the United States spends more on health care per person than any other country in the world by far. The health insurance companies and the big pharmaceutical corporations are raking in gigantic mountains of cash and yet the quality of the health care that we receive in return is rather quite poor.
People living in Puerto Rico have a greater life expectancy than we do. Residents of Cuba have a lower infant mortality rate than we do. We are the most medicated population on the planet and yet we are also one of the sickest.
If the U.S. health care system was a country, it would have the 6th largest economy on the globe and yet rates of cancer, heart disease and diabetes continue to increase. The U.S. health care statistics that you are about to read below are absolutely stunning. For as much money as we shell out for health care, we should have the greatest system in the entire world. But we don’t. Something has gone horribly wrong.
As you read this, there are hordes of health bureaucrats and greedy corporate fat cats that are becoming incredibly wealthy while the rest of us go broke trying to pay for our health care. In the United States today, health care bills cause more bankruptcies than anything else does. Millions of Americans are afraid to go to the hospital because they know that even a short visit would be a huge financial burden.
Sadly, our politicians in Washington D.C. continue to make the problem worse. Obamacare was one of the worst pieces of legislation that anyone has ever come up with in the history of the United States. You could put a thousand monkeys in a room with a thousand typewriters for a thousand years and they wouldn’t come up with anything as bad as Obamacare. Rather than doing something to address the abuses of the health insurance companies and the pharmaceutical corporations, Obamacare actually gives them more power. In fact, huge portions of Obamacare are virtually identical to a bill that was written by the health insurance trade association in 2009. Under Obamacare our health care costs will go up even faster and the quality of our health care will continue to go down. So please don’t try to tell me that Obamacare is the solution to anything.
The health care system in the United States is so broken that it probably cannot be repaired. The entire thing needs to be dismantled and completely reinvented.
If you doubt this, just check out the stats that I have compiled below.
As I put together this list of statistics, Business Insider proved to be a very valuable resource. In addition, I relied heavily on the following articles which I previously authored….
The following are 50 U.S. health care statistics that will absolutely astonish you….
What the United States spent on health care in 2009 was greater than the entire GDP of Great Britain
Health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%
The United States spent 2.47 trillion dollars on health care in 2009. It is being projected that the U.S. will spend 4.5 trillion dollars on health care in 2019
Approximately 41 per cent of working age Americans either have medical bill problems or are currently paying off medical debt
Medical bills are a major factor in more than 60 per cent of the personal bankruptcies in the United States
Over the past decade, health insurance premiums have risen three times faster than wages have in the United States
The chairman of Aetna the third largest health insurance company in the United States brought in a staggering $68.7 million during 2010
Ron Williams exercised stock options that were worth approximately $50.3 million and he raked in an additional $18.4 million in wages and other forms of compensation. The funny thing is that he left the company and didn't even work the whole year.
Source: USA Today
The top executives at the five largest for-profit health insurance companies in the United States combined to receive nearly $200 million in total compensation for 2009
Even as the rest of the country struggled with a deep recession, U.S. health insurance companies increased their profits by 56 per cent during 2009 alone
America's five biggest for-profit health insurance companies ended 2009 with a combined profit of $12.2 billion
In the United States, health insurance administration expenses account for 8 per cent of all health care costs. In Finland, that figure is just 2 per cent
Since 2003, health insurance companies have shelled out more than $42 million in state-level campaign contributions
There were more than two dozen pharmaceutical companies that made over a billion dollars in profits each during 2008
Each year, tens of billions of dollars is spent on pharmaceutical marketing in the United States alone
About 750,000 people a year are rushed to emergency rooms in the United States because of adverse reactions to pharmaceutical drugs
The Food and Drug Administration reported 1,742 prescription drug recalls in 2009, which was a gigantic increase from 426 drug recalls in 2008
Children in the United States are three times more likely to be prescribed antidepressants than children in Europe are
The percentage of women taking antidepressants in America is higher than in any other country in the world
The medical liability system in the United States added about $55.6 billion to the cost of health care in 2008
C-sections are on the rise because a vaginal delivery costs approximately $5,992, while a c-section costs approximately $8,558
It is not uncommon for insurance companies to get hospitals to knock their bills down by up to 95 per cent
Over the last decade, the number of Americans without health insurance has risen from about 38 million to about 52 million
People living in the United States are three times more likely to have diabetes than people living in the United Kingdom
Today, people living in Puerto Rico have a greater life expectancy than people living in the United States do
Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid
The U.S. government now says that the Medicare trust fund will run out five years faster than they were projecting just last year
It is being projected that the federal government will account for more than 50 per cent of all health care spending in 2012
The state of California now ranks dead last out of all 50 states in the number of emergency rooms per million people
According to one survey, approximately 1 out of every 4 Californians under the age of 65 has absolutely no health insurance
We were already going to be facing a shortage of more than 150,000 doctors over the next 15 years even before Obamacare was passed
Approximately one-third of all practicing physicians in the United States indicated that they may leave the medical profession because of the new health care law
40 per cent of all U.S. doctors plan to leave the profession at some point over the next three years, according to one study
According to the executive director of Physician Hospitals of America, Obamacare has already forced the cancellation of at least 60 doctor-owned hospitals
According to a report released in 2010, Americans spend approximately twice as much as residents of other developed countries do on health care
If the U.S. health care system was a country, it would be the 6th largest economy in the entire world
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