Saturday, September 22, 2018

US Healthcare Financial Spending Across all Entities

The US Healthcare system is both mix of public and private insurance. The government provides insurance coverage for approximately,
  • 53 million elderly via Medicare
  • 62 million lower-income persons via Medicaid
  • 15 million military veterans via the Veteran's Administration
  • 178 million employed by group insurance (subsidized health insurance through their employer)
  • 52 million other persons directly purchase insurance either via the subsidized marketplace exchanges developed as part of the Affordable Care Act or directly from insurers.
Financial spending as percentage of GDP
The Centers for Medicare and Medicaid (CMS) reported that U.S. health care costs rose to 17.8% GDP in 2015, up from 17.4% in 2014. Increases were driven by the coverage expansion that began in 2014 as a result of the Affordable Care Act.

Financial spending Per Capita
The Centers for Medicare and Medicaid (CMS) reported that U.S. health care costs rose 5.8% to reach $3.2 trillion in 2015, or $9,990 per person.

Distribution of spending by service type
Healthcare spending in the U.S. was distributed as follows by type of service in 2014.
Hospital care 32%, Physician and clinical services 20%, Prescription drugs 10% and all other, including many categories individually making up less than 7% of spending. 

0 comments: