Health_Exp_08

Health_Exp_08 - Health Expenditures in the United States...

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Health Expenditures in the United States and Other Countries PAM 435 January 29, 2008
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Source: Cutler, Deaton, and Lleras-Muney, 2006.
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Source: Cutler, Deaton, and Lleras-Muney, 2006. Summary of Important Drivers in Reducing Mortality by Historical Phase 1750 – 1850 1) Improved nutrition and economic growth 2) Early public health programs 3) Medical care 1850 – 1950 1) Public health programs 2) Nutrition and economic growth 3) Medical care 1950 – today 1) Medical care: vaccinations and antibiotics; then expensive personal interventions 2) Public health 3) Nutrition and economic growth
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1) Do I really need to memorize all these #@! numbers? 2) Trouble accessing assigned readings via Blackboard 3) Date of the final: Tuesday, May 13 from 7:00-9:30 pm Some Course Tips
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Today’s Objectives How much does the U.S. spend on health care? Where does the money come from and where does it go? How are health costs trending over time? If the trend continues, can we afford it? Why is spending increasing so rapidly? Why does the U.S. spend so much more than other countries?
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Personal Consumption Expenditure in 2006 (Billions of Dollars) Durable goods (cars and furniture) $1,049 11% Food $1,135 14% Clothing and shoes $357 4% Other non-durables $1,072 12% Housing $1,381 15% Utilities / Transportation $842 9% Medical Care $1,588 17% Recreation $381 4% Other services $1,420 15% Source: Department of Commerce, Bureau of Economic Analysis. Amount of Spending
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National Health Expenditures (NHE) National Health Expenditures: the total amount of all spending in the U.S. on health care Total NHE in 2006: $2,106 billion NHE exceeds medical care personal consumption expenditure because it includes investments, net government expenditure, and net exports Source: Catlin (2008).
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Gross Domestic Product (GDP) GDP is the total value of all domestically produced goods and services In addition to consumption, it includes investment, government expenditures, and net exports
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NHE as a Share of GDP 2006 U.S. NHE: $2,106 billion U.S. GDP: $13,195 billion U.S. Population: 299.7 million U.S. Health Care Expenditure as a % of GDP: $2,106/$13,195 = 16.0% U.S. Health Expenditure per capita: $2,106/0.2997 = $7,026 Source: Catlin (2008).
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Government, 42% Households, 32% Business, 26% Source: Catlin (2008). Sources and Uses: where does the $ come from; where does it go?
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This note was uploaded on 01/31/2008 for the course PAM 4350 taught by Professor Nicholson during the Spring '08 term at Cornell.

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Health_Exp_08 - Health Expenditures in the United States...

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