Eric Lefkofsky Expounds Increased Expenditure on Health Care in the U.S.
In 2013, Americans spent $933 more on health care as compared to 1996. The rise in the amount used was caused by high charges and patients opting for more detailed care, which is expensive. A study published in JAMA also points the growing population as another reason for the increase in spending. On the other hand, a small decrease in annual health care expenditure was caused by the changing prevalence of diseases while a change in the frequency of health care was seen to have no significant effect.
The study breaks down spending done on different diseases too. The author of the study, Joseph Dieleman, explained that exploring each disease revealed different factors that led to the rise in spending. A case in point is diabetes, which had the highest annual expenditure increase. Of the $64 billion extra used, $44 billion went to purchasing pharmaceuticals. Aging, an increase in population and a high prevalence of the disease were other reasons.
Low back and neck pain, on the other hand, showed a $57 billion increase with the causes for the rise being different from those of diabetes. While the prevalence rate did not change, there was an improvement in the number of times patients received care for the ailment. This resulted in an 8.5 percent rise in the amount spent on caring for patients suffering low back and neck pain every year.
Despite the appropriate care getting administered in fewer days and patients having shorter stays in the hospital, the spending still increased. In general, the amount used in inpatient care shot up to $697 billion from $258 billion.
About Eric Lefkofsky
Having been a generous donor towards research in cancer and donating millions towards the same cause, Eric Lefkofsky now serves as the chief executive officer of Tempus. The health technology company has developed an operating system for battling cancer aimed at aiding professionals to streamline their care services.
The system collects data and analyzes it giving healthcare providers a chance to make data-driven and customized treatment decisions in real time. This way, the patient receives better care from the precise understanding that the physicians get from acquired data.
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