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About 25% of U.S. healthcare costs relate to administrative costs (e.g., billing and payment, as opposed to direct provision of services, supplies and medicine) versus 10-15% in other countries. For example, Duke University Hospital had 900 hospital beds but 1,300 billing clerks.
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 $10,447 in 2018. [7] See: list of countries by life expectancy.
An earlier study by AHRQ found that a significant persistence in the level of health care spending from year to year. Of the 1% of the population with the highest health care spending in 2002, 24.3% maintained their ranking in the top 1% in 2003. Of the 5% with the highest spending in 2002, 34% maintained that ranking in 2003.
Transfer payments to (persons) as a percent of Federal revenue in the United States Transfer payments to (persons + business) in the United States. CBO projects that spending for Social Security, healthcare programs and interest costs will rise relative to GDP between 2017 and 2027, while defense and other discretionary spending will decline relative to GDP.
Benefit consultants from Mercer, Aon and Willis Towers Watson see employer healthcare costs jumping 5.4% to 8.5% in 2024 due to medical inflation, soaring demand for costly weight-loss drugs and ...
See the later version of the chart in the Oct 29, 2020 article by Max Roser: Why is life expectancy in the US lower than in other rich countries?. Author: Max Roser: Permission (Reusing this file) CC-BY-SA-4.0: Other versions: Earliest uploads are of a chart adapted from one found in "America’s inefficient health-care system: another look".
Proposition 34 would limit how certain healthcare providers spend revenues from a federal prescription drug program. The measure is an effort by the real estate industry to limit spending by the L ...
Table 1. 2017-2018 California State Spending State Agency State Funds ($ Billions) Percent (%) of Total Health Care $60.3 33% K12 Education $54.2 30% Higher Education $15.4 8% Corrections and Rehab $13.9 8% Transportation $13.0 7% General Government $7.9 4% Legislative, Judicial, and Executive $6.7 4% Natural Resources $5.2 3%