A new economic study by the U.S. government reveals that health care spending is rising so rapidly in the United States that in less than ten years, it will represent 20% of the domestic economy. That's an astonishing $1 out of every $5 in economic productivity, almost all of which is based on treating patients with fraudulently approved, dishonestly marketed and utterly harmful prescription drugs that do absolutely nothing to prevent or reverse chronic disease.
This leads us to the astounding (but true) conclusion that conventional medicine is draining the U.S. economy of its productivity and competitiveness. Today, over 16% of the U.S. economy is spent on health care (sick care, actually), making medicine look a lot like a 16% tax on the entire economy. The result, not surprisingly, is that many U.S. corporations can no longer compete in the global marketplace. General Motors, for example, was spending more money on health care than steel. The result? The company is now largely considered bankrupt.
But GM is just the tip of the iceberg on this issue. No country in the world spends anywhere close to 16% of its GDP on health care. Only the United States. But why does the U.S. spend so much in the first place?
The answer is simpler than you think. It basically comes down to four factors:
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