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Did You Know?

Every 30 seconds in the United States someone files for bankruptcy due to a serious health problem. According to a recent study by Harvard University, 50 percent of all bankruptcy filings in the United States are the direct result of excessive medical expenses.

Health care spending in the United States is more than $1.8 trillion, which is more than four times the amount spent on national defense and almost forty times the amount spent on homeland security.

Although nearly 45 million Americans are uninsured, the United States spends more on health care than other industrialized nations which provide health insurance to all their citizens. In 2003, the United States spent 15.3 percent of its Gross Domestic Product (GDP) on health care. It is projected that the percentage will reach 18.7 percent in 10 years. By contrast, universal health systems in other countries consume much less of their GDP: Canada- 8.4 percent; Sweden- 9.1 percent; Germany- 8.2 percent; Japan- 6.8 percent; United Kingdom- 6.2 percent.


Legal Note:

The Information contained in this website is based on research. It is not intended as a substitute for consulting with your physician or other health care providers. Any attempt to diagnose and treat an illness should be done under the direction of a health care professional..

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