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[136] [137] Of each dollar spent on healthcare in the US, 31% goes to hospital care, 21% goes to physician/clinical services, 10% to pharmaceuticals, 4% to dental, 6% to nursing homes and 3% to home healthcare, 3% for other retail products, 3% for government public health activities, 7% to administrative costs, 7% to investment, and 6% to other ...
NEW YORK (Reuters) -U.S. healthcare spending rose by 7.5% to $4.9 trillion in 2023, driven by increased use of medical services as enrollment climbed for private health plans, particularly those ...
Story at a glance In 2021, the U.S. spent 17.8 percent of GDP on health care, nearly double the average of 9.6 percent for high-income countries, according to a new report from The Commonwealth Fund.
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 a share of federal budget, mandatory spending has increased over time. [14] Mandatory spending accounted for 53% of total federal outlays in FY2008, with net interest payments accounting for an additional 8.5%. [15] In 2011, mandatory spending had increased to 56% of federal outlays. [14]
Of the $4.5 trillion spent on U.S. health care in 2022, hospitals collected 30% of that total health spending, according to data from the Centers for Medicare & Medicaid Services. Doctors rank ...
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 ...
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%.