HEALTHCARE

The Impact of Healthcare Cost on U.S. Businesses

The Impact of Healthcare Cost on U.S. Businesses

Introduction

Healthcare sector is a very significant segment of the U.S. economy. The expenditure in health care grows every year, even exceeding the spending on other goods and services. This shift in consumer spending has led to a significant effect on the way corporations, households, and government agencies run their business operations. Moreover, health inflation pressurizes the businesses who offer insurance to cover their employees' health care expenses. The United States of America spends over USD 6500 per individual on health care each year. 16% of the ...