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Health Care Spending

Posted Feb 11 2009 2:59pm

The California HealthCare Foundation has a great document summarizing many useful Health Care Cost Statistics (see full text or fact sheet ).  Some of the highlights:

  • Health Care spending as a percentage of GDP is projected to grow 16.0% of GDP in 2006 to 19.5% of GDP in 2017.
  • Average health care spending per capita was $7026 in 2006 and will grow to $7868 in 2008.
  • In 1962, Defense spending made up half of the federal budget, Social Security about 15% and Medicare had not yet been enacted.  By 2007, Defense spending is only 20% of the budget while Social Security makes up 21% and Medicare 16% and rising.
  • The U.S. has by far the highest health care spending as a percentage of GDP.   This table compares health care spending across different countries.
  • Hospitalization and Physician Services make up over 50% of health care spending.   This table gives the distribution of health care spending in the U.S. by type of service.
  • What are the drivers of the cost increases?   Price inflation and a change in the volume and mix of services provided.
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