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Rising health care costs are partly due to an aging population. According to the Peter G. Peterson Foundation , 13% of people in the U.S. in 2010 were aged 65 and older; by 2021, 16% were 65 and up.
How much does health care cost today? ... Total national health spending has more than doubled since 2000, after inflation, from $2.2 trillion to $4.9 trillion, as of 2023, ...
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 ...
Medical inflation is accelerating as demand for non-COVID-19-related health services recovers and providers seek to make up for soaring labor costs.
General inflation outpaced growth in health care spending in 2022, but experts warn that in 2024, employer-based health care coverage will rise at the fastest pace in years. Debbie Ashford, the ...
The Congressional Budget Office analyzed the reasons for healthcare cost inflation over time, reporting in 2008 that: "Although many factors contributed to the growth, most analysts have concluded that the bulk of the long-term rise resulted from the health care system's use of new medical services that were made possible by technological ...
A peer-reviewed comparison study of healthcare access in the two countries published in 2006 concluded that U.S. residents are one third less likely to have a regular medical doctor (80% vs 85%), one fourth more likely to have unmet healthcare needs (13% vs 11%), and are more than twice as likely to forgo needed medicines (1.7% vs 2.6%). [46]
Story at a glance Rising inflation and health care costs are straining Americans’ pursestrings when it comes to paying for care and prescription medication. New results of a West Health-Gallup ...