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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 ]
National health expenditures grew 9.7% to reach $4.1 trillion in 2020 and are projected to grow an annual average of 5.4% between 2019-2028, according to the Centers for Medicare and Medicaid (CMS).
In this chart the items are stacked by color. There are a few other countries than just OECD countries. [2] [3] Click to enlarge. Timeline of a few OECD countries: 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 ...
Healthcare costs continue to rise across the United States. According to Centers for Medicare & Medicaid Services, the average price per person is $13,493 annually on average, which is no small...
Per capita, the US spends more on pharmaceuticals than any other country, although expenditures on pharmaceuticals accounts for a smaller share (13%) of total healthcare costs compared to an OECD average of 18% (2003 figures). [286]
Healthcare, which has a wide range of quality, accessibility, reputable providers, and costs, is not standard across the U.S. According to the Center of Medicare & Medicaid services, the average...
With health care spending averaging $13,493 spent per person annually, many Americans are feeling the pinch more than ever. Despite high costs, patients often leave their appointments dissatisfied.
Seniors spend, on average, far more on health care costs than either working-age adults or children. The pattern of spending by age was stable for most ages from 1987 through 2004, with the exception of spending for seniors age 85 and over. Spending for this group grew less rapidly than that of other groups over this period. [28]