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The World's Most Expensive Medical Device |
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The world's most expensive medical device in use today is a particle accelerator that is used to fight cancer. The price can easily exceed $100 million for the machine that is thought to be useful in treating certain kinds of cancer.
 Who would build one of these devices at such a high cost?
Several centers are now in the process of building these units mostly because reimbursement from Medicare and other health plans can be up to 50% higher than using other treatments even thought there is no proof the particle accelerator provides any benefit over existing methods of treatment.
If you are planning on using the particle accelerator to treat your cancer, plan on seeing a bill for over $50,000.
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Uninsured Americans |
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The U.S. currently has over 47 million uninsured and for those that do, the costs are sky-rocketing. At the current rate, the U.S. is adding another uninsured American to that number every 15 seconds.
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Healthcare Costs Increasing Rapidly |
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 Healthcare costs are expected to double by 2017 to exceed $4 trillion dollars a year.
Publicly funded healthcare spending (Medicare and Medicaid) is expected to account for half of this amount.
It is projected that $1 out of every $5 dollars will be spent on healthcare related costs, according to an article from the Associated Press. Healthcare costs will be increasing an average of 6.7% a year due to higher prices and greater demand.
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