Basic Economics Health Care - HealthCare .S...

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Health Care Health Care Spending in the U.S. The United States annually spends nearly $1 trillion, about 14 percent of GDP (a  measure of the total amount of goods and services produced during the year), on health  care. This comes to around $4000 per capita. The top 1 percent of people ranked by  health care expenditures account for 30 percent of total health care spending. The top 5  percent of people account for 55 percent of total spending while the bottom 70 percent  account for just 10 percent. Where it goes (1999 data): 1. hospitals $391 billion 2. doctors 269 billion 3. prescription drugs 100 billion 4. medical research 22 billion Where it comes from (1999 data): 1. private insurance $355 billion 2. Medicare 214 billion 3. Medicaid 186 billion 4. out-of-pocket patient expenses 187 billion Why Have Health Care Costs Risen?
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  • Fall '12
  • SueBartlett
  • Economics, preferred provider organization

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