BY FRANK HILL
Reprinted from Telemachus.com

1. 1% of the US population, about 3.1 million people, use 35% of all healthcare expenditures each year. The specific people in this number change each year due to death or recovery.
2. 5% of the US population, about 15.5 million people, use 60% of all healthcare expenditures each year. The specific people in this number change each year due to death or recovery.
3. Many, if not a majority of these people are in the Medicare and Medicaid programs.
4. Healthcare now consumes 18% of GNP. It is expected to consume 20% of GDP by 2021.
5. Chronic disease such as diabetes, heart disease, cancer, and strokes account for most of our expenditures.
6. Anywhere from 35%-50% of all healthcare expenditures can be attributable to these four conditions. Continue reading →