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health care

Essay specific features

 

Issue:

Business

 

Written by:

Richard U

 

Date added:

December 26, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 845

 

Was viewed:

9642 times

 

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Essay content:

This when compared to the 360% growth in all personal bankruptcies during the same period, is simply a figure that cannot go ignored. "About twenty-five years ago, filing for bankruptcy because of debts from medical problems was virtually unheard of." (Frosch, 2005) Today medical costs are the second leading cause of personal bankruptcy, topped only by job loss...
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One factor affecting this rise in personal bankruptcies relating to medical costs is the dramatically increasing health care costs in the United States. "In 2002 American paid an average of $5440 in medical expenditures, up $419 from the previous year alone." (Frosch, 2005) The major increases in medical costs can be attributed to technological advancements and the high costs associated with break-through drugs...
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