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Why is the cost of healthcare in the U.S. so high?

It takes a lot of chutzpah to speak to a group of doctors about healthcare, but I am known to venture into areaswhich I probably shouldn’t. The North Carolina Academy of Family Physicians consists of dedicated people Igreatly admire. They are the front door to healthcare.

Primary care physicians choose this specialty vital to patients’ health, but not necessarily to their own. Fewerthan 1 in 4 new doctors make this their path. Those who do so value the personal relationships with patients andgenuinely believe this is the best approach to improve overall health.

I began my remarks by sounding a common note, namely that healthcare costs are too high. With barely fourpercent of the world’s population our country spends almost half of the $8 trillion world healthcare expenditure.In 1970, the U.S. spent 6 percent of our gross domestic product on healthcare. CMS (Centers for Medicare & Medicaid Services) says today that is 19.7 percent…20 cents out of every dollar of economic output. The per capita cost of healthcare is estimated to be $11,945, more than twice as much as the average industrialized nation. And some 64 percent of those surveyed said they avoided or delayed medical care because of costs.


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