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A recent survey reveals that nearly 23% of insured Americans are underinsured, lacking affordable access to healthcare. Among these individuals, 57% avoided necessary care due to costs, and 44% are burdened by medical debt, leading to worsened health outcomes for many. The findings highlight significant barriers to timely healthcare access, particularly for those in employer plans and the individual market.
As the 2024 presidential election approaches, healthcare remains a pivotal issue, with costs soaring to $4.5 trillion, representing 17.3% of GDP. Candidates are addressing medical debt, with 20 million Americans owing $220 billion; Vice President Harris proposes measures to alleviate this, while former President Trump focuses on reducing insurance premiums and improving price transparency.
The U.S. healthcare system ranks last among 10 countries in access, equity, and outcomes, despite spending over 16% of its GDP on healthcare. Key issues include high costs, a fragmented insurance system, and significant numbers of uninsured and underinsured individuals, leading to poor health outcomes and limited access to care. Recommendations for improvement include extending coverage to the uninsured, reducing administrative complexity, and investing in public health.
The U.S. health system ranks last among 10 wealthy nations in health equity, access, and outcomes, despite spending over 16% of its GDP on healthcare. Life expectancy is more than four years below the average, with the highest rates of preventable deaths, driven by issues like substance abuse and gun violence. To improve, the U.S. must enhance primary care, reduce administrative inefficiencies, and address systemic racism in healthcare.
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