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in 2-3 paragraphs, describe the economics of cancer care using macroeconomic tools for analysis
in 2-3 paragraphs, describe the economics of cancer care using macroeconomic tools for analysis.
Expert Solution
It's estimated that the annual direct medical care spending on cancer in the united states doubled between the year 1990 and 2009. The united states is said to have spend an estimated total of USD125 billion on cancer care according to statistical records. Breast cancer care accounted for a total of USD 16,500 billion which represents a total of 13% of direct medical spending on cancer care.
In the year 2002, the total expenditure for the initial phase of cancer care was USD 21,000 per person. Radiation and surgery cost an average of USD 4,500 and USD 5,700 per head respectively in 2002 according to records. If the data used for computation of this analysis was to include continued care up to end of life care, there would be a noted difference in the united states spending patterns. Statical data says that the united states spent an average of USD 62,900 to USD 94,300 billion per person during 2010.
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