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Rising Health Care Costs

August 19, 2022
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WRITTEN BY Dr. Ramon Martinez III

The U.S. spends about $12,000 a year per capita on healthcare, while the next 11 wealthiest countries spent on average $4,600–7,100 in 2020. Healthcare costs are paid by the healthcare systems, patients’ families and the community at large. While changes in population characteristics and increased healthcare usage are partly responsible for increased healthcare costs, the biggest contributor has been increased prices associated with healthcare services. Medical professional costs and compensation have also risen over this period, but make up a small portion of health costs. Federal and state governments are exploring new ways to control costs or reduce the prices consumers pay.

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