Healthcare costs in the United States are rising at an accelerating rate. In 2017, the overall healthcare spend was $3.5 trillion. By 2027, the number is projected to increase by 5.5% year over year to $6 trillion. The skyrocketing projections reflect rising Medicaid costs, higher prices of medical services and goods, and higher disposable incomes across the American population.
The burden of healthcare costs have led many Americans to avoid seeking healthcare, or delaying healthcare until complications reach emergency status, resulting in higher costs and more complex procedures. The cost of a single medical procedure can hurt an individual for years to come. According to a survey from Lively, a health savings platform, nearly a quarter of Americans have medical bills that impact long-term goals like purchasing a home or retirement. Furthermore, each year, nearly $650 million is raised for medical-related expenses on the platform GoFundMe, offering a clear demonstration of the dire need for financial medical care assistance.
Chronic pain is one of the biggest challenges for the healthcare industry today. Roughly 50 million American adults—20% of the overall adult population—suffer from chronic pain. Among the elderly population, the majority of them struggle with ongoing pain, namely from musculoskeletal disorders and arthritis.
Currently, the most common antidote for chronic pain is prescription painkillers. Of the rising medical cost breakdown, the prescription drug sector is expected to see the largest growth at a 6.3% increase per year. This is due to more complex specialty drugs and higher drug prices.
In 2017, the opioid crisis officially became an epidemic in the United States. During that year, 2 million people misused opioids for the first time and nearly 50,000 people died from an overdose—comprising half of all injury related deaths in the country. While progressive policy changes and heightened awareness continue to make incremental changes for the better, it hasn’t been enough.
Despite the harrowing statistics regarding opioid usage and addiction, prescription painkillers continue to act as the number one antidote in modern healthcare settings. This creates a bigger burden on healthcare spend, contributes to rising healthcare costs, impacts the industry as a whole.
Because of this, more doctors are focusing on an integrative approach to managing chronic pain. For example, Complementary and Alternative Medicine (CAM) combines traditional medical processes (like prescription pills, surgery, or radiology) with alternative measures like meditation, dietary supplementation, and acupuncture. Additionally, more companies are taking a revolutionary approach to safe chronic pain solutions that help curb opioid usage.
“We can no longer rely on opioids to treat chronic pain, as it compounds the problem,” says Jan Wellmann, CEO of WaveLife. “We developed the Energy Cell to address these issues by treating pain the holistic way. Our solution uses your body’s natural electromagnetic vital fields to rebalance and restore your cells. This technology is stored in a wearable EMF patch that can be safely applied to the area of infliction.”
Vital field therapy, a subset of biofield therapy, has become increasingly common. These types of therapy are centered around our growing understanding of the link between the immune and nervous systems. These two systems thrive as a single unit that acts as an overarching network responsible for maintaining your body’s homeostasis.
The concept of biofields dates back to 1992 and is defined as “a field of energy and information that reflects and guides the homeodynamic regulation of a living system, and as such influences and is influenced by consciousness.” What this means is that the natural frequencies and vibrations in our bodies help to activate and stimulate internal healing responses.
“Our bodies contain millions of frequencies,” says Wellmann. “And vital fields are unique to each individual, much like a fingerprint. Your vital field provides a snapshot of your physical and physiological well-being at the current moment, and offers valuable insight into your current state.”
As health care costs continue to rise and new technology emerges, more Americans will turn to these solutions to remedy their problems and manage their pain. Studies have already demonstrated the power of alternative practice. For instance, there are numerous studies that indicate the powerful benefits of meditation and yoga. There’s also been an increase in the positive effects of cannabis for treating issues like chronic pain. Each of these alternative solutions allow Americans to create a low-cost, holistic healthcare plan that’s much more manageable.