The 5%

Interesting statistic regarding health care spending: 5% of Americans comprise 50% of health care spending, and 1% of patients comprise 20% of spending.

By comparison, the bottom half paid an average $232 and made up about 3% of total costs.

This highlights something for me that is key to the health care debate – the costs are increasingly and disproportionately skewed towards a very small segment of the population. Unless we keep that in mind and build our system around that, it will be impossible to get a handle on our spiraling health care costs.  Another important stat:

According to one estimate, end-of-life care accounts for about 10-12% of all healthcare spending. Annual expenditures for hospice and home care—two healthcare segments that are closely involved in the provision of end-of-life care—are about $ 3.5 billion and $ 29 billion, respectively.

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About thinklikeafox

I'm a Naval Officer living in Southern California. I hope to be attending law school in the next year or two, and I started writing this blog out of a desire to improve my writing and critical thinking skills after a couple years outside of academia.
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