Health Care Costs in the USA

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LiveMD360 Can Save You On Health Care Costs in the USA

Health care spending in the United States is $3 trillion a year, straining the budgets of families, businesses and taxpayers alike. There were over 27.9 million people without health insurance in 2019 and that figure is projected to increase by millions.Learn what makes health care so expensive, why costs continue to rise and what we can do about it.

Medical Health Care Costs in the USA

The price of medical care is the single biggest factor behind U.S. health care costs, accounting for 90% of spending. These expenditures reflect the cost of caring for those with chronic or long-term medical conditions, an aging population and the increased cost of new medicines, procedures and technologies.

Affordable Health Care in the USA

Health care in the USA reform law has expanded access to insurance to millions of Americans. We’ve transitioned to a USA health care system in which everyone can obtain health insurance regardless of age or health status, and many individuals who are newly insured need ongoing medical attention.

At LiveMD 360, we make non-insured health care benefits more accessible and affordable through Telemedicine.

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Courtesy of CNBC – May 17, 2020

There is scope for Telemedicine to improve health care outcomes, in terms of reducing secondary complications, enhancing communication, and centralizing data sources to allow information sharing. It has also be argued that Telemedicine can contribute to improving equity in accessing care by enhancing communication between health care professionals.

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Benefits of Telemedicine

Telemedicine can be used to monitor patients’ health from a distance, offer advice and manage healthcare needs effectively. The feasibility of Telemedicine was evaluated by participating specialists (medical staff, nurses, psychologists, physiotherapists and occupational therapists), who tested productivity gains, use of hospital services and user satisfaction.

The findings suggested Telemedicine was an adequate means of service delivery in up to 99% of cases, in that follow-up intervals were reduced, follow-up care via teleconferencing was cheaper than face-to-face outreach or clinic activities and, importantly, patients accepted Telemedicine as a valid form of continuity with healthcare professionals. A 9% reduction in A&E visits and 11% fewer admissions to acute hospital wards demonstrates more tangible economic savings.

Health Care Costs in the USA

Other benefits include educational opportunities for health care professionals. Similar considerations of ease of access, travel constraints and costs, applicable to patient care, also apply here.