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A Selected Graphical Health Economics Comparison
Assessment
Domestic healthcare spending in the USA is now 17% of GDP.
Link: Money supply as a percentage of domestic GDP: https://medicalexecutivepost.com/2012/06/05/understanding-the-money-supply-as-a-percentage-of-gdp/
Conclusion
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Filed under: Health Economics | Tagged: Healthcare Spending in Developed Countries |
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Demographics of Seniors
As the population ages world-wide, the aggregate cost of healthcare services will increase.
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Healthcare Spending Averaged $5,141 Per Capita in 2015
The Health Cost Institute recently released a study on healthcare cost and utilization in 2015. Here are some key findings from the report:
• Health care spending averaged $5,141 per individual in 2015.
• Out-of-pocket spending rose 3% in 2015, to an average of $813 per capita.
• Prices for services and prescription drugs increased between 3.5-9% in 2015.
• Women of all ages spent $236 more out-of-pocket than men.
• In 2015, $649 per capita was spent on brand prescriptions.
• The price of an ER visit jumped 10.5% to an average of $1,863 in 2015.
Source: Health Cost Institute, November 22, 2016
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