In the United States, healthcare costs have risen and therefore spending has also increased. During the last two decades, spending on healthcare has totaled $933 billion. This has been caused by an increase in fees along with more intensive care for patients. As well as there being increases in price, healthcare expenditures have risen due to the population increasing as well as an aging population. These factors have all contributed to making healthcare one of the more costly services in the economy. While a decrease in diseases and health conditions can help lower the expenditures, it is unlikely that this will happen in the near future. As a result, the trend in rising healthcare expenditures will likely continue in the coming years.
One of the factors that determines the amount of spending on healthcare is the spending on each particular disease. There are some diseases that require more spending than others. As a result, the particular disease is a detrimental factor in finding out the expenditures for healthcare at a given time. The type of disease is therefore the main factor in finding out whether or not healthcare spending goes up or down during a given period. One of the conditions that has seen a steady increase in healthcare spending is diabetes. Over the last several years, diabetes has resulted in a total of $64 billion spent on researching, treating and developing medications. Along with these factors, aging, population growth and the common occurrence of diabetes have also contributed to this amount of spending.
One of the individuals that has helped contribute to healthcare industry is Eric Lefkofsky. The Chicago based businessman is the co founder of an evolutionary company known as Tempus. This company helps provide cancer treatment through the use of operating systems. During the existence of the company, it has been a key organization in terms of finding ways to help numerous cancer patients cope with the symptoms of cancer. Along with helping patients treat cancer, the company has also provided doctors with another source to use when looking to help various patients deal with cancer more effectively. Eric has built Tempus into one of the leading healthcare companies in the United States.
While Eric has proven to be a very successful entrepreneur, he has also established himself as a key philanthropist as well. Eric spends a lot of time and money participating in providing care for many people. He is currently a Trustee of the Lurie Children’s Hospital of Chicago. Eric is also a trustee and chairman of other organizations such as the Art Institute of Chicago, The Museum of Science and Industry, and also the Steppenwolf Theatre Company.