| Healthcare costs are rising every year. In 2007, | | | | Comparison with other developed nations |
| the basic costs associated with healthcare | | | | If the numbers doesn't look staggering than |
| increased by 6.9 percent which is double the rate | | | | consider the fact that recent healthcare spending |
| of inflation in United States. On average, a US | | | | is four times the defense expenditures of the |
| citizen would spend around $7500 per year on | | | | nation. Such an anomaly looks more daunting |
| medical expenses. These expenditures coupled | | | | when we consider the equation that Uncle Sam is |
| with inefficient administration of healthcare facilities | | | | spending an entire arsenal on war on terror. Still, |
| around the nation has resulted in the US | | | | the healthcare costs far exceed any other public |
| government spending 16 percent of its budget on | | | | sector spending. For those who still debate that |
| healthcare related issues. | | | | healthcare situation has been inflated by the |
| Most experts agree that unlike the developed | | | | media, they should realize that nearly 47 million |
| counties in Europe and Canada the US healthcare | | | | Americans are still uninsured. What would happen |
| system is fraught with poor administration, lack of | | | | if America had to cover their expenses, too? |
| management and subsequent fraudulent | | | | Compare this with other developed countries that |
| transactions. Such inefficiencies directly affect the | | | | provide free healthcare for their entire population. |
| related health costs that have to come on the | | | | According to the Organization of Economic |
| expense of general public. That's not it! The total | | | | development the healthcare costs in similar |
| expenditures and the associated costs are | | | | economies like France, Germany, Canada and |
| expected to claim one fifth of the 2008 GDP | | | | Switzerland is less than 10 percent of the GDP. |
| budget. This is a whopping 20 percent increase | | | | Such figures clearly dictate that Congress has to |
| from 2007. In numerical figures this increase | | | | drastic measures in order to get out of the |
| represents 4.2 Trillion dollars from the tax payer's | | | | recent healthcare crisis. |
| pocket. | | | | |