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Healthcare Management Solutions Provider Healthx Releases Medicaid Infographic: Spending Only Expected to Grow in the Future(December 13, 2011)
INDIANAPOLIS, IN -- (Marketwire) -- 12/13/11 -- Healthx, an industry leader in payer and provider portals (http://www.healthx.com), has just released an infographic (http://healthx.com/about-healthx/infographics) that exposes the unprecedented amount of Gross Domestic Product (GDP) the U.S. currently spends on healthcare -- the most of any country in the world.
Recent research suggests that overall healthcare spending is expected to swell to a vast 20 percent of the U.S. GDP by the year 2017, and up to 25 percent by 2025. This increase will have a profound effect on healthcare reform and the millions of families that benefit from federally supported health insurance programs, such as Medicare and Medicaid.
Medicaid, which aims to cover low-income Americans and their children, is managed by the States. The program funds 16 percent of all personal health spending in the U.S. More than half of Medicaid enrollees are children, while the elderly and handicapped account for one-fourth. Due to more lenient Medicaid eligibility as part of healthcare reform, enrollees are expected to increase considerably in the coming years.
To prepare for this surge of program enrollees, the government and other health insurers are looking for better healthcare management solutions to help mitigate these increasing healthcare costs. The government continues to invest dollars in Electronic Health Records (EHR), insurance exchanges, and other provider and payer technology solutions to help reduce the unparalleled $7,290 average Americans spend on healthcare every year.
Healthx develops and manages the most widely adopted online portals and applications for the healthcare and human resources markets. We provide SaaS solutions for payers, providers, employers and brokers. We are a leading developer of self-service communication and data integration solutions that serve more than 150 payers and 25,000 groups, representing over 12 million individual lives.
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