Total Cost of Health Care
United States
(Source: World Almanacs 2006-7)
2003 Gross Domestic Product = $10.971.0 trillion
Total National Health Costs = $ 1.679 trillion
% of GDP = 15.30%
Average Production Worker Income = $ 26,312.00
Total No. of Physicians (2004) = 884,974
% of Total Health Costs = 22.0%
Total Cost of Physicians Services = $ 369.38 billion
Average Physician Income = $ 417,391.00
= 15 times average workers income
(German Physicians’ Income = 3.5 times average workers income)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
2002 Gross Domestic Product = $10.487.0 trillion
Total National Health Costs = $ 1.553.0 trillion
% of GDP = 14.81%
Average Production Worker Income = $ 26,312.00
Total No. of Physicians = 853,187
% of Total Health Costs = 21.9%
Total Cost of Physicians Services = $340.107 billion
Average Physician Income = $398,631.-
= 15 times average workers income
(German Physicians’ Income = 3.5 times average workers income)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
2006 15.2% GDP U.S.A. Fee-for-service
11.1% Germany Fee-for-service = 73% of U.S.
9.9% Canada Fee-for-service = 65% of U.S.
8.0% Britain Salaried Physicians = 53% of U.S.
7.9% Japan Fee-for-service = 52% of U.S.
Cost Reductions
Physicians
Physicians’ annual income to be 3.5 times annual blue collar workers of
$26,500, as in Germany, = $92,750 or 23% of current annual average of
$398,631.
Annual savings of 77% of $340,107,000 = - $261.9 billion
Hospitals
Charity expenses estimated to be 5% of total costs of $515.4
billion,
. = savings of - $ 25.8 billion
Administration
88% of the U.S. population of 300 million is under 65 years of age, and
80% of these are covered by private insurance; so 70.4% of the total of
physician and hospital costs of $855.1 billion are covered by private
insurance= $602 billion.
80% 20% to 3% (Social Security Admin. %age) of $684.4 billion, or 17%
reduction
= savings of - $116.4 billion
Eliminate Medical Coverages
Eliminate all medical coverages from other insurance policies: liability,
Workers Compensation< Auto, Homeowners, etc. Estimated savings - $
50.0 billion
Fraud
In our study of 1993, according to the General Accounting Office, this
was 10% of total health costs.
For 2003, this is $168 billion.Using 90% of total= savings of - $151.2 billion.
--------------------------------------------------------------------------------
Total savings = $605.3 billion, or 5.5% of GDP, reducing U.S. total health
costs to 9.8% of GDP, in line with Canada’s 9.9%.
United States
(Source: World Almanacs 2006-7)
2003 Gross Domestic Product = $10.971.0 trillion
Total National Health Costs = $ 1.679 trillion
% of GDP = 15.30%
Average Production Worker Income = $ 26,312.00
Total No. of Physicians (2004) = 884,974
% of Total Health Costs = 22.0%
Total Cost of Physicians Services = $ 369.38 billion
Average Physician Income = $ 417,391.00
= 15 times average workers income
(German Physicians’ Income = 3.5 times average workers income)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
2002 Gross Domestic Product = $10.487.0 trillion
Total National Health Costs = $ 1.553.0 trillion
% of GDP = 14.81%
Average Production Worker Income = $ 26,312.00
Total No. of Physicians = 853,187
% of Total Health Costs = 21.9%
Total Cost of Physicians Services = $340.107 billion
Average Physician Income = $398,631.-
= 15 times average workers income
(German Physicians’ Income = 3.5 times average workers income)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
2006 15.2% GDP U.S.A. Fee-for-service
11.1% Germany Fee-for-service = 73% of U.S.
9.9% Canada Fee-for-service = 65% of U.S.
8.0% Britain Salaried Physicians = 53% of U.S.
7.9% Japan Fee-for-service = 52% of U.S.
Cost Reductions
Physicians
Physicians’ annual income to be 3.5 times annual blue collar workers of
$26,500, as in Germany, = $92,750 or 23% of current annual average of
$398,631.
Annual savings of 77% of $340,107,000 = - $261.9 billion
Hospitals
Charity expenses estimated to be 5% of total costs of $515.4
billion,
. = savings of - $ 25.8 billion
Administration
88% of the U.S. population of 300 million is under 65 years of age, and
80% of these are covered by private insurance; so 70.4% of the total of
physician and hospital costs of $855.1 billion are covered by private
insurance= $602 billion.
80% 20% to 3% (Social Security Admin. %age) of $684.4 billion, or 17%
reduction
= savings of - $116.4 billion
Eliminate Medical Coverages
Eliminate all medical coverages from other insurance policies: liability,
Workers Compensation< Auto, Homeowners, etc. Estimated savings - $
50.0 billion
Fraud
In our study of 1993, according to the General Accounting Office, this
was 10% of total health costs.
For 2003, this is $168 billion.Using 90% of total= savings of - $151.2 billion.
--------------------------------------------------------------------------------
Total savings = $605.3 billion, or 5.5% of GDP, reducing U.S. total health
costs to 9.8% of GDP, in line with Canada’s 9.9%.
| Cost Reductions, 2002 |
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