Healthcare can easily become one of the main parts of the average person’s bills. The top 5% of people pay about $71,067 in healthcare fees annually, and the top 1% spend somewhere around $166,980 a year. Now, one may think that these numbers are only for the specific few with severe illnesses, but approximately 70,000,000 people is only 1%, meaning that they spend a collective 1,688,600,000,000, which is upwards of a trillion dollars. A large part of these costs come from regulations controlling specially how the healthcare service is operated. For example, if a company sold a drug for $15 but was not approved by organizations such as the FDA while an approved version was available for $30, customers would have no choice but to spend double for, essentially, the same thing. Insurance is another huge contributor to the high cost of healthcare. Many Americans pay for what they do not need just for the peace of mind that in the event of something bad happening, they are completely covered and do not have to worry as much about the fees. Things like catastrophic insurance have the capability of changing such high costs, but their risk factor and unpopularity put doubt in the minds of civilians.