Health is no doubt your wealth. But often your health squeezes from you a whole lot of money. Though much has been written about the rising cost of health care costs and premiums, little has been talked about the underlying drivers that causes the rise. There are actually a lot of factors that influence the health care costs. To mention a few:
> There has been an increase in the number of people with chronic illness. Since more conditions are treatable now, medication is used more aggressively to treat chronic diseases. An increase in demand leads to the rise in health care costs.
> As branded drugs are spending a large amount on direct-to-consumer advertising and increased marketing to physicians they make the consumers cough off more money on drugs.
> Acquisitions and mergers within the pharmaceuticals industry add up to the high cost of the drugs.
> Inadequate Medicare and other government health care programs force the hospitals and clinics to charge more to make up the difference.
> To go by statistics, people in general are living longer and using more and more medical services resulting in the increase in demand and cost.
Now, you know why does all your wealth is spent after your health?
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