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1
According to the Centers for Medicare and Medicaid Services, in 2018, spending climbed
to $3
...
This resulted in a 4
...
Healthcare spending
in the United States is at an all-time high
...
7 percent
of United States gross domestic product
...
Experts recommend
telehealth and placing health clinics in retail stores as a conventional approach to execute the idea
of medical care being accessible to consumers
...
However, given the physician shortages, experts say
telehealth have a vital role to play
...
Cost of medical care is far greater in the United States than elsewhere
...
The average price for
heart bypass surgery in the United States is $78,000, which is more than twice the price offered in
the United Kingdom and Switzerland
...
5 thousand British pounds)
...
Healthcare
spending made up 17
...
A study
conducted by the Commonwealth Fund discovered that in 2016, the world’s other wealthy
countries spent an average of 11
...
There is one
essential factor that contribute to the reasoning of healthcare spending in the United States being
higher than other countries
...
This constitutes for higher prices for a numerous variety of medical
services which includes higher salaries for doctors and nurses, higher drug prices, and higher
hospital administration cost
...
In turn, health care costs are expected to rise as Baby Boomers age
...
The United States could see a shortage of between 54,000 to 139,000 physicians by
2023, according to the Association of American Medical Colleges, 2020 (Howley, E
...
(2022,
July 25)
...
The root of this conundrum begins with the journey of becoming
a physician
...
There is an accumulation for demand and fixed supply in the physician labor market
...
Postgraduate training
internship and residency requirements put a limitation of the number of physicians who can enter
the field each year
...
Studies
show by the year 2035 children aged 17 or younger will be outnumbered by seniors aged 65 or
older (Hosenu, H
...
The health of the nation is also to be considered
...
These conditions may include Alzheimer’s, cancer, diabetes, heart disease, and lung
disease
...
With the cost of healthcare cost on the rise experts resort to finding ways to make care
more accessible to consumers