The enormous increase in health spending over the past 50 years is a documented fact. Over the past twenty years, every politician has had a pet project designed to reduce costs. Needless to say, all have failed in the overall effort. If everyday products had kept pace with the increase in health spending, Americans would now be paying $13.50 per gallon at the pump and $176.58 for a family of four to eat out.
Pharmaceutical costs are partly responsible for driving up health expenses. Protecting the pharmaceutical manufacturers from foreign competition has led to drug costs between 35-55 percent higher than other industrialized nations.
The largest driver of expenses appears to be poor health. One in every two males and one of every three females will be diagnosed with cancer at current rates. The annual cost of cancer is $226 billion. Anyone needing a secure job should enter the health sector with nearly 11 million projected new jobs through 2018.
Source: Best Masters in Healthcare