Health_Exp_08 - Health Expenditures in the United States...

Info icon This preview shows pages 1–11. Sign up to view the full content.

View Full Document Right Arrow Icon
Health Expenditures in the United States and Other Countries PAM 435 January 29, 2008
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Source: Cutler, Deaton, and Lleras-Muney, 2006.
Image of page 2
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
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 4
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?
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 6
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).
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 8
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).
Image of page 9

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Source of Health Spending, 2006 Government, 42% Households, 32% Business, 26% Source: Catlin (2008).
Image of page 10
Image of page 11
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern