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U.S. healthcare costs in 2015 were 16.9% GDP according to the OECD, over 5% GDP higher than the next most expensive OECD country. [2] With U.S. GDP of $19 trillion, healthcare costs were about $3.2 trillion, or about $10,000 per person in a country of 320 million people.
An earlier study by AHRQ found that a significant persistence in the level of health care spending from year to year. Of the 1% of the population with the highest health care spending in 2002, 24.3% maintained their ranking in the top 1% in 2003. Of the 5% with the highest spending in 2002, 34% maintained that ranking in 2003.
The chart below is older (2020 data) and breaks down the voluntary spending further by separating out-of-pocket payments. 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 ...
Life expectancy vs healthcare spending of rich OECD countries. US average of $10,447 in 2018. [4] [5] Total healthcare cost per person. Public and private spending. US dollars PPP. $6,319 for Canada in 2022. $12,555 for the US in 2022. [6] Health spending by country.
Life expectancy vs healthcare spending of rich OECD countries. US average of $10,447 in 2018. [14] [15] Total healthcare cost per person. Public and private spending. US dollars PPP. $6,319 for Canada in 2022. $12,555 for the US in 2022. [16] Health spending by country.
Proposition 34 would limit how certain healthcare providers spend revenues from a federal prescription drug program. The measure is an effort by the real estate industry to limit spending by the L ...
The cost sharing reductions (CSR) subsidy is the smaller of two subsidies paid under the Patient Protection and Affordable Care Act (ACA) as part of the healthcare system in the United States. The subsidies were paid from 2013 to 2017 to insurance companies on behalf of eligible enrollees in the ACA to reduce co-payments and deductibles.
Benefit consultants from Mercer, Aon and Willis Towers Watson see employer healthcare costs jumping 5.4% to 8.5% in 2024 due to medical inflation, soaring demand for costly weight-loss drugs and ...