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Healthcare spending in the U.S. is projected to have risen 7.5% in 2023 to $4.8 trillion, federal data showed on Wednesday, outpacing the projected annual gross domestic product growth rate of 6.1%.
Beginning in 1980, U.S. health care spending was 8.2% of its gross domestic product (GDP); the U.K. had the lowest spending at 5.1%. By 2020, U.S. spending had climbed to a high of 18.6%.
The U.S. had the worst-performing healthcare system overall despite spending nearly double that of other countries. It also had the lowest ranking in access to care, health equity and health outcomes.
Affordable Health Care for America (H.R. 3962) America's Affordable Health Choices (H.R. 3200) Baucus Health Bill (S. 1796) Proposed. American Health Care Act (2017) Medicare for All Act (2021, H.R. 1976) Healthy Americans Act (2007, 2009) Health Security Act (H.R. 3600) Latest enacted. Affordable Care Act (H.R. 3590) Health Care and Education ...
Despite this spending, the quality of health care overall is low by OECD measures. [10] The Commonwealth Fund ranked the United States last in the quality of health care among similar countries. [11] [12] The percentage of persons without health insurance (the "uninsured") fell from 13.3% in 2013 to 8.8% in 2016, due primarily to the Affordable ...
As of 2016 [update], the US spent $3.3 trillion (equivalent to $4.11 trillion in 2023; [ 104 ] 17.9% of GDP), or $10,438 (equivalent to $13,252 in 2023 [ 31 ]) per person; major categories included 32% on hospital care, 20% on physician and clinical services, and 10% on prescription drugs. [ 123 ]