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National News See other National News Articles Title: 33 Facts Proving The Entire U.S. Healthcare Industry Is One Giant Money Making Scam The following are 33 shocking facts that prove that the entire U.S. healthcare industry has become one giant money making scam… #1 The U.S. spends 4.1 trillion dollars on healthcare each year. #2 What the United States spends on healthcare is greater than the GDP of the United Kingdom. #3 If the U.S. healthcare system was a country, it would be the 6th largest economy in the entire world. #4 Federal, state and local governments account for nearly half of all healthcare spending in the United States. #5 Today, more than 68 million Americans are enrolled in Medicare. #6 If you can believe it, more than 71 million Americans are enrolled in Medicaid. #7 Does it seem like almost half of the commercials on television are for pharmaceutical drugs? You may not be surprised to learn that pharmaceutical companies actually spend more than 15 billion dollars on television advertising in the United States each year. #8 According to one survey, 61 percent of U.S. adults are currently taking at least one pharmaceutical drug. #9 Globally, the pharmaceutical industry brings in about 1.6 trillion dollars in revenue each year. That is more money than the Pentagon spends. #10 There are 10 pharmaceutical industry executives that received total compensation of at least 20 million dollars in 2023. #11 According to the CDC, 1.5 million people a year are rushed to emergency rooms in the United States because of adverse reactions to pharmaceutical drugs. 600,000 of those people are age 65 or older. #12 On average, more than 1,200 pharmaceutical drugs are recalled by the FDA each year. #13 In 2023, the six largest health insurance companies in the United States had combined revenues of almost 1.1 trillion dollars. That is also more money than the Pentagon spends. See also CNN has been forced to admit that Trump is taking the economy in the right direction #14 The profits of health insurance companies in the U.S. increased by 287 percent in a 10 year period. #15 On average, annual health insurance premiums for family coverage have reached a total of $25,572 per year. #16 In 2023, the CEOs of the five largest health insurance companies in the U.S. brought home approximately 75 million dollars in total compensation. #17 The CEO of UnitedHealth Group, Andrew Witty, received a total of 23.5 million dollars in compensation in 2023. #18 One survey found that 18 percent of all insured adults in the U.S. have had a health insurance claim denied just within the past year. #19 More than 27 million Americans do not even have health insurance. #20 Why are c-sections on the rise? It is because a vaginal delivery costs approximately $12,235 on average, while a c-section costs approximately $17,004 on average. #21 The infant mortality rate in the United States is nearly three times as high as it is in Singapore. #22 According to the CFPB, approximately 100 million Americans are in medical debt right now. #23 Even though the vast majority of the population is covered by health insurance, 62 percent of the two million personal bankruptcies that are filed each year in the United States are caused by medical debt. #24 One survey found that U.S. households have piled up more than 220 billion dollars in medical debt. #25 A three day stay in the hospital will typically cost you somewhere around $30,000. #26 Americans spend more than 200 billion dollars treating cancer each year. #27 According to the CDC, heart disease costs this country more than 250 billion dollars each year. #28 According to the NIH, diabetes costs this country more than 400 billion dollars each year. #29 A 25-year-old mother in Nevada was handed a bill for $700,000 after her baby daughter spent about two months in the neonatal intensive care unit. #30 One study found that hospitals overcharge Americans “by as much as 18 times over their costs”. #31 78 percent of U.S. adults have avoided hospital visits because they cost so much. #32 Hospital profits have risen by more than 400 percent since 1999. #33 A study that was conducted a few years ago determined that more than 90 percent of all hospital bills contain errors that can result in “overcharges, unnecessary costs, and insurance claim denials”. Poster Comment: In 1948 Jack Webb played Mike Reagan Private Eye. His partner had been shot and Webb had gone to vidit him in the hospital. His Jewish boss yelled at him to get out there and earn money. This hospital in charging him the obscne amount of $20 a day to keep his man in the Intensive Care Unit in Los Angeles. $20 would have bought 400 Hershey bars in 1948. 400 Hershey bars at current prices could not cover one day in a normal hospial bed today. Post Comment Private Reply Ignore Thread
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