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Total health care spending was up $3.9 billion (up 5.8 % on a per capita basis) over 2021's level -- well in excess of the state's 3.1% benchmark for health care cost growth. Health care spending ...
According to professional services firm Aon, “The average cost of employer-sponsored health care coverage in the U.S. is expected to increase 9.0 percent, surpassing $16,000 per employee in 2025.”
U.S. healthcare costs in 2015 were 16.9% GDP according to the OECD, over 5% GDP higher than the next most expensive OECD country. [2] With U.S. GDP of $19 trillion, healthcare costs were about $3.2 trillion, or about $10,000 per person in a country of 320 million people.
Coverage mandates, price controls and eliminating health plan networks may do more harm than good. Health care cost projected to rise 9%. Competition, not regulation, might be the cure. | Opinion
U.S. healthcare costs are considerably higher than other countries as a share of GDP, among other measures. According to the OECD, U.S. healthcare costs in 2015 were 16.9% GDP, over 5% GDP higher than the next most expensive OECD country. [4] A gap of 5% GDP represents $1 trillion, about $3,000 per person relative to the next most expensive ...
This amounted to 15% percent of U.S. GDP in that year, while Canada spent 10%. A study by Harvard Medical School and the Canadian Institute for Health Information determined that some 31% of U.S. health care dollars (more than $1,000 per person per year) went to health care administrative costs. [109]
Socioeconomic status is a strong indicator of health in a community. [3] While the average uninsured rate in Massachusetts is 3.4%, the share of the population below the poverty line and the share of households with incomes less than $75,000 accounted for 85.3% of the uninsured population in Massachusetts.
Social Security beneficiaries will get a 2.5% cost-of-living adjustment (COLA) in 2025, which is the lowest increase since 2021 and down from 3.2% this year. The new COLA will boost the average...