Health Care Expenditures in the USA

Health Care Expenditures in the USA - Healthcare...

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Healthcare expenditures in 90’s compared to early onset of millennium (Y2K) Healthcare can be defined as prevention, treatment and management of illness and preservation of mental and physical well being by the services like medical, nursing and health professions. After 25 years of double-digit annual growth in national health expenditures, the rate of growth slowed during the 1990s. At the end of the decade the rate of growth started edging up again. Since the millennium, the rate has accelerated. This high rate of growth combined with a sluggish economy has resulted in health care expenditures claiming a larger share of the gross domestic product (GDP). The United States continues to spend more on health than any other industrialized country. In 2001 national health care expenditures in the United States totaled $1.4 trillion, increasing 8.7 percent from the previous year compared with a 7.4 percent increase in 2000. The United States spends a larger share of the GDP on health than does any other major industrialized country. In 2000 the United States devoted 13.3 percent of the GDP to health compared with 10.6-10.7 percent each in Germany and Switzerland and 9.1-9.5 percent in Canada and France, countries with the next highest shares. In 2001 health expenditures as a percent of the gross domestic product (GDP) increased to 14.1 percent, up from 13.3 percent the previous year. Expenditures
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Health Care Expenditures in the USA - Healthcare...

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