What You Spend on Health Care

Although there is not an online link for this data, it is taken from the July issue of the American Association of Physicians and Surgeons newsletter. I have been a member of this organization for about 15 years and believe them to be the leading organization in the United States to champion the ever-dwindling medical freedoms we have in America.

This interesting table shows just how much we are spending on health care. Interestingly, it has remained quite stable over the time frame measured. This is despite the fact that, in 1960, 56 percent of all personal medical spending was out of pocket. But today that has dropped to only 14 percent. Seems nearly everyone relies on third-party insurance carriers to food the bill for their health costs.

Unfortunately, this is a clever deception that allows the multinational drug companies to charge exorbitant fees for their products and have their true costs hidden from the end user. There is one of the reasons why drug companies are the most profitable industries on Earth.

I also found it interesting that, compared to our grandparents or great-grandparents, we are spending two-thirds less on clothes and half the cost on food. Much of the food reduction cost is related to the advent of processed foods that has also contributed to the epidemic of chronic disease that we have in this country.

Along with the reductions in spending come the increases which are restricted to our transportation and housing with transportation leading all increases as it went up by 800 percent.

 

   1917  1987
 Food  41%  19%
 Housing  27%  34%
 Transportation  3%  26%
 Clothing  18%  6%
 Health Care  5%  4%


American Association of Physicians and Surgeons

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