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The average hospital stay costs $1,371 per day in 2003, and now costs $2,883 in 2023. This 110% increase reflects the reality that healthcare costs are rising due to more hospitalizations and ...
Compared to other OECD countries, U.S. healthcare costs are one-third higher or more relative to the size of the economy (GDP). [2] According to the CDC, during 2015, health expenditures per-person were nearly $10,000 on average, with total expenditures of $3.2 trillion or 17.8% of GDP. [3]
Aggregate US hospital costs were $387.3 billion in 2011—a 63% increase since 1997 (inflation adjusted). Costs per stay increased 47% since 1997, averaging $10,000 in 2011 (equivalent to $13,544 in 2023 [31]). [132] As of 2008, public spending accounts for between 45% and 56% of US healthcare spending. [133]
An estimated 80% of persons obtaining coverage under the ACA can get it for less than $75 per month after subsidies, [37] if they choose the lowest-cost "bronze" plan. The average cost for the "second-lowest cost silver plan" (the benchmark plan and one of the most popular) was $208/month after subsidy for a 40-year-old male non-smoker in 2017 ...
Given the $15,197 average cost of a stay in Mass. and average hourly private sector wage of $33.92, it would take 386 work hours to pay the bill.
Using data from the federal Medicare Cost Report, which hospitals must file annually, the group found that between 1996 and 2022, hospital expenses increased by $2.7 billion in Rhode Island, with ...
Health care cost as percent of GDP (total economy of a nation). [2] [3] Graph below is life expectancy versus healthcare spending of rich OECD countries. US average of $10,447 in 2018. [7] See: list of countries by life expectancy.
Average spending on prescription drugs in the U.S. last year was $898 per person. Prescription drugs rank as the third-highest cost of health care, trailing only hospital care and physician ...