Professional Documents
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Dr. Vazquez-Colon
Dr. Heitmiller
Dr. Cronin
Introduction: Healthcare Costs
• United States was projected to spend $4.01 trillion on healthcare in 2020 (pre-COVID projections),
with estimated spending reaching $6.19 trillion in 2028 (19.7% US GDP).
• This amounts to approximately an average of $18,000 spent per person annually on healthcare.
• How does this affect our patients? A 2018 survey by West Health Institute and NORC at Univ. of
Chicago found that 40% Americans have foregone a recommended test or treatment in the last
year due to healthcare costs, 32% could not fill a prescription or received only a partial fill, and
30% reported struggling to pay for basic necessities such as food, heat, and housing due to
medical costs.
• Hospital care accounts for 33% of the nation’s healthcare costs. America’s costs for surgical
procedures compared to other countries – a typical angioplasty costs $6,390 in Netherlands,
$7,370 in Switzerland, and $32,230 in the United States.
IV Acetaminophen in Pediatric Hospitals
• A 2019 study in JAMA Pediatrics studied the cost implications of using IV vs. PO/PR
acetaminophen in 34 U.S. free standing pediatric hospitals.
• Mean price difference for a 20kg child estimated at $0.02 (PO) vs. $0.66 (PR) vs. $13.51
(IV).