“It is health that is real wealth and not pieces of gold or silver”

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Mahatma Gandhi once said, “It is health that is real wealth and not pieces of gold or silver”. This would make United States a very poor country. Approximately one in four American lives with two or more chronic conditions. Among Americans aged 65 years and older, as many as three out of four persons have multiple chronic conditions (MCC). In addition, approximately two out of three Medicare beneficiaries have MCC. People with chronic conditions have a higher mortality and poor day to day functioning. Functional limitations often complicate access to health care, interfere with self-management, and necessitate reliance on caregivers. In addition, they incur a significantly higher healthcare cost. According to Center for Medicare & Medicaid Services (CMS), 71% of total US healthcare spending goes to treating patients with chronic conditions. Approximately 93% of CMS’ expenditure goes to treating patients with MCC. People with high health care expenses also have high out-of-pocket expenses relative to income. Continue reading ““It is health that is real wealth and not pieces of gold or silver””

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