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Health Care Expenses

There are many factors linked to the ever-increasing health care expenses across the globe. These factors are fairly obvious, which is why medical experts have combined effort with governments to combat them. Unfortunately, most of their effort has been futile for one reason or another. Are you concerned about the increasing health care costs? If so, you need to know the factors behind these increases. To help jumpstart your effort, a list of the top factors is listed in the article below.

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COVID-19 Pandemic

In March of this year, American President Donald Trump declared a state of emergency due to the threat of the coronavirus. Eight months later, the forecast of the American health care system is still looking grim. Even though American-based companies are open, their hours have been cut drastically because workers continue to fear the spread of COVID-19.

The coronavirus has impacted millions of companies and workers across the globe. Even though, it seems the United States has seen the biggest impact, Russia, Brazil, South Africa, Peru, Iran, Mexico, Chile, and the United Kingdom have been impacted as well. There is no doubt that fear is running rampant in countries most impacted by the virus.

The United States has reported over 4.29 million COVID-19 cases, followed by Brazil with over 2.44 million and India with more than 1.48 million.

Rising Obesity Cases

As more and more people are turning to fast food, snacks, and other junk foods, obesity cases are soaring.

As more and more people are turning to fast food, snacks, and other junk foods, obesity cases are soaring. The countries with the highest obesity numbers include Nauru, Cook Islands, Palau, and the Marshall Islands. While these countries are reporting obesity rates over 51 percent, other countries are battling with the condition as well.

The United States, New Zealand, Saudi Arabia, Kuwait, Jordan, Iraq, the Bahamas, Egypt, Turkey, Canada, and Germany are also seeing their fair share of obesity cases. What are these governments doing to combat obesity?

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For one, they are running public ads warning their residents of the consequences of obesity. Every time you turn on the television, you see an ad regarding obesity. Obesity has been linked to a broad range of health conditions, including heart disease, stroke, high blood pressure, depression, anxiety, high cholesterol levels, type II diabetes, and certain types of cancer.

As obese people are struggling to maintain optimal weight, they are also battling one or more of the aforementioned health conditions. In the United States alone, health care expenses related to obesity have cost taxpayers an additional $190 billion.

The impacted countries are encouraging routine exercise and a healthy diet. They are also discouraging fast food and other junk foods. Unlike prescription weight loss medications, you can try using testosterone and do your part to fight the ever-increasing health care expenses in your country.

Implementation Of ObamaCare (Affordable Care Act)

While the 2010 implementation of the Affordable Care Act (ACA) made health care coverage possible for millions of Americans, the high premiums put it out of reach for many.

The ACA covers most any diagnosis you could ever think of. While many people see this as a positive, others view it as a way to increase the premiums. If your ACA premiums are on the low end, you can count yourself lucky because this is not the case across the board.

People who were covered under a private health care plan are now struggling to keep up with the ever-increasing ACA premiums. Some contribute to the higher premiums to preexisting illnesses covered under ACA. This factor alone has increase ACA premiums to the point where they are no longer feasible for many Americans.

If your employer does not offer health care, ACA will be your only option. Unfortunately, you should expect to pay higher premiums than before the ACA implementation.

People Are Living Longer

With modern medication and technology, humans are living longer than ever before. While this is great for everyone, it is also driving up the global health care cost.

In the United States alone, there are around 125 million seniors who are at least 80 years of age. Most if not all of these seniors are taking some type of prescription medication, all of which are covered under Medicare and/or Medicaid.

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Some medical experts contribute the increasing ACA premiums to falls. According to an American Hospital Association (AHA) report, over 1/3 of seniors 65 and older seek medical treatment due to falls. These accidents have mostly been contributed to medication side effects.