The Alarming Truth About American Healthcare Costs
In all the debate over how or whether we need affordable care, state registries, guaranteed coverage despite pre-existing conditions etc. etc., few Americans realize that our U.S. healthcare system has been totally out of control, cost-wise, for decades. A recent study by the Kaiser Foundation found that virtually every developed nation has some form of universal healthcare, and their citizens pay much lower prices for healthcare, overall and for individual procedures and drugs. It found that the average American spends more than $10,000 a year for health expenditures, by far the highest in the world, which comes to fully 18% of total GDP.