Where do our healthcare dollars go?
April 19, 2011
By now everyone knows that the United States spends more on healthcare than any other developed country in the world. France comes in second but spends almost 40 percent less than we do. Roughly 18 percent of our gross national product goes to healthcare and that number continues to rise each year. And if that isn’t enough, just consider that some experts are predicting that healthcare costs could rise at about 8 percent per year for the foreseeable future. But, for all this money, we aren’t any healthier than other folks. While Americans are living longer, our life expectancy isn’t any higher than that of Britain and Japan. So if we are spending more money and aren’t any healthier, the question remains: Where do all those healthcare dollars go and why can’t we control the costs? Drexel University’s ROBERT FIELD is in the studio with Marty.