Healthcare and Drug Costs

Increasing Healthcare and Drug Costs Affect on the Socioeconomic Drag in the U.S.

The United States spends about 2.5 trillion dollars a year just on health care (Johnson, 2009). However, the Unites States' prices keep going up which makes the economy go down. The rising health care costs, drug costs, and drug abuse affect the socioeconomic drag of the heath care economy in the United States of America.

Rising healthcare costs are a major issue for most Americans. So much of what is spent on healthcare does not help the economy. According to the research, "the health care system is dysfunctional and full of waste -- as much as 30% of all spending" (Johnson, 2009). Still, each year, Americans spend an average of 17.5% of the GDP on health care costs. That takes away from spending in other areas that would help strengthen the economy. Yet,...
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