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)
Per Capita Average Total Health Costs = $5,597.00
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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 = $398,631.00
= 15.2 times average workers income
(German Physicians’ Income = 3.5 times average workers income)
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
2006 15.2% GDP U.S.A. Fee-for-service = 100% @
$6,102
11.1% Germany Fee-for-service = 73% of U.S.
9.9% Canada Fee-for-service = 65% of U.S. @ $3,165
France Fee-for-service @ $3,159
Australia Fee-for-service @ $3,120
8.0% Britain Salaried Physicians = 53% of U.S. @ $2,508
7.9% Japan Fee-for-service = 52% of U.S.
(% 0f GDP from World Almanac; @ cost from AARP Bulletin Feb.
2007)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Cost Reductions
Physicians
Physicians’ annual income to be 3.5 times annual blue collar workers
of $26,500, as in Germany, = $92,750 or 22% of current annual average
of $417,391
Annual savings of 78% of $340,107,000,000 = - $265.3 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
(* $380 billion savings per Drs. Himmelstein and Woolhandler, Harvard,
Letter, New York Times Feb. 12, 2007)
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 = savings of - $168.0 billion
--------------------------------------------------------------------------------
Total savings = $625.5 billion, or 5.7% of GDP, reducing U.S. total
health costs to $1,053.5 billion, or 9.6% of GDP, in line with Canada’s
9.9%.
(2007.summary.cost.reduction.2003)
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)
Per Capita Average Total Health Costs = $5,597.00
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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 = $398,631.00
= 15.2 times average workers income
(German Physicians’ Income = 3.5 times average workers income)
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
2006 15.2% GDP U.S.A. Fee-for-service = 100% @
$6,102
11.1% Germany Fee-for-service = 73% of U.S.
9.9% Canada Fee-for-service = 65% of U.S. @ $3,165
France Fee-for-service @ $3,159
Australia Fee-for-service @ $3,120
8.0% Britain Salaried Physicians = 53% of U.S. @ $2,508
7.9% Japan Fee-for-service = 52% of U.S.
(% 0f GDP from World Almanac; @ cost from AARP Bulletin Feb.
2007)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Cost Reductions
Physicians
Physicians’ annual income to be 3.5 times annual blue collar workers
of $26,500, as in Germany, = $92,750 or 22% of current annual average
of $417,391
Annual savings of 78% of $340,107,000,000 = - $265.3 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
(* $380 billion savings per Drs. Himmelstein and Woolhandler, Harvard,
Letter, New York Times Feb. 12, 2007)
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 = savings of - $168.0 billion
--------------------------------------------------------------------------------
Total savings = $625.5 billion, or 5.7% of GDP, reducing U.S. total
health costs to $1,053.5 billion, or 9.6% of GDP, in line with Canada’s
9.9%.
(2007.summary.cost.reduction.2003)
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