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The editors at Best Healthcare MBA Degrees decided to research the topic of: The Business Of Healthcare With insurance premiums continuing to rise, a population growing increasingly divided on how to fix the healthcare system, and public health taking a backseat to corporate interests, many are losing the hope for a healthy future. Healthcare costs are spiraling out of control, but where does this unprecedented amount of spending go? See how your healthcare dollars are spent and take a look at the profits of some key players behind the healthcare scene. Healthcare: The Biggest Business Of Them All

- $1 out of every $6 spent in the U.S. is on healthcare

- $2.8 trillion: Estimated total U.S. healthcare spending in 2012

- Projected to hit $3.5 trillion in 2016

- At this rate, healthcare spending will account for 25% of the GDP by 2025

- 60% of bankruptcies in the U.S. are a direct result of overwhelming medical bills

- 3/4 of these bankruptcies are filed by individuals who have health insurance Round And Round

- Tracking U.S. healthcare spending

- $765 billion: Estimated annual amount of wasted healthcare spending

- That's roughly 1/3 of healthcare spending!

- $210 billion: Amount spent each year on procedures performed entirely out of fear of liability rather than need

- $10 billion: Estimated amount hospitals overcharge Americans each year

- Where our healthcare dollars go:

- Hospital care: 31%

- Physicians and clinics: 20%

- Prescription drugs: 10%

- Dental and other: 7%

- Government administration: 7%

- Investment: 6%

- Nursing and continued care: 6%

- Other: 14% Disease Profiteers

- 56%: Total increase in insurance provider profits in 2009, during the height of the economic downturn

- 2.7 million: Number of Americans who could no longer afford coverage

- Premiums for small employers increased 180% between 1999 and 2009

- 8% of insurance premiums go directly to insurance administration

- $390: Amount spent every second by healthcare lobbyists while fighting the healthcare reform bill in 2010

- 1,546: Number of healthcare lobbyists in D.C.

- That's 3 lobbyists for every member of Congress! Key Players By 2011 performance Insurance industry

- UnitedHealth Group

- --Profits: $5.1 billion

- --Change from 2010: 11%

- WellPoint

- --Profits: $2.6 billion

- --Change from 2010: -8.3%%

- Humana

- --Profits: $36.8 billion

- --Change from 2010: 8.8% Medical facilities

- HCA Holdings

- --Profits: $2.5 billion

- --Change from 2010: 104.2%

- Universal Health Services

- --Profits: $398.2 million

- --Change from 2010: 73%

- DaVita

- --Profits: $478 million

- --Change from 2010: 17.8% Pharmaceutical developers

- Pfizer

- --Profits: $10 billion

- --Change from 2010: 21.2%

- Johnson & Johnson

- --Profits: $9.7 billion

- --Change from 2010: -27.5%

- Merck

- --Profits: $6.3 billion

- --Change from 2010: 628.5% Pharmacy and other services

- Medco Health Solutions

- --Revenue: $1.5 billion

- --Change from 2010: 2%

- Express Scripts Holding

- --Revenue: $1.3 billion

- --Change from 2010: 8%

- Quest Diagnostics

- --Revenue: $470.6 million

- --Change from 2010: -34.7%



