We are fortunate to live in a time when medical knowledge and technology are being used in amazing ways to help us live longer and more fulfilling lives. However, the price we pay to help us enjoy this lifestyle is extremely high, and is rising at an alarming rate. It has become increasingly difficult for families and businesses to afford care for themselves and for their employees. It leaves many people wondering just why health care costs are so high. Here are some of the factors creating the spiraling health care costs:
Demographics. The population is aging. As people reach middle age, they tend to require more medical care. According to recent studies, a 64 year-old uses nearly $4,500 more per year in health care services than an 18 year-old, and there will be a 40% increase in the 55-69 year old population by 2013.