As the year’s pass, cost of health care has been increasing. Patients intense demands, and costly attention have contributed to the higher medical care. As reported in JAMA, growth in population and getting aged can as well result in the spending cost. According to Joseph Dieleman, the study leader, medical costs for different diseases depend on various factors.
For instance, during the period of study, diabetes recorded the most significant increase of $ 64 billion annually with $40 billion spend on medication. Each factor analyzed has an impact on the increased medical care charges. Dieleman, mentioned aging, pharmaceuticals usage, diabetes prevalence and population growth as some of the cost factors in the US healthcare upsurge.
Neck pain and low back recorded an increase of 8.5% for the inpatient care, with an annual spending of $57 billion. Regardless of reduction in medical expenditure summing up to $201 billion, the inpatient cost for all illnesses increased by $439 billion from $258 billion per annum. The efforts to reduce medical spending has not fully impacted as projected.
According to the director of Centre for Health Policy Peter Bach, pharmaceuticals are not a significant reduction of cost. The costly drugs, prescribed to patients to prevent hospitalization, is not a crucial factor in medical care spending. Cost breakdown would aid researchers in analyzing the specific spending factors.
Born on 1969 September 2nd and an American businessman, Eric is a co-founder of Tempus. He chairs the technology company known to be at the forefront in fighting cancer. The entrepreneur traded carpets at the University of Michigan. In collaboration with his colleague Brad Keywell, they co-founded Brandon Apparel after the completion of law school. They later founded Echo Global Logistics, in 2005 a freight and logistics business. Eric invented Starbelly, a technology company that aimed at products advertisement.
Eric Lefkofsky is an investor who has participated in the formation of Mediaocean, Inner Workings, Uptake technologies, and LightBank. He launched a family Foundation in 2016, that is aimed at supporting educational, scientific charitable institutions. The focus of this foundation is on children and has offered support to over 50 organizations. The charity center is under the management of Lefkofsky family.
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