National Health Care Spending Paper

2616 words 11 pages
National Health Care Spending Paper

Irene Harris

HCS 440 – Economics: The Financing of Health Care
BSCS0T2JY4
University of Phoenix Online
Instructor: Geoffrey J. Suszkowski, Ph.D., LFHIMSS
October 25, 2010

Introduction

The subject of healthcare in the United States can be a contentious one, and it is also an area where peoples' perceptions don't always align with the facts given by policymakers. What makes healthcare spending so scandalous is the amount of money the United States pours into healthcare each year. Over $8,000 per-patient per-year costs, amount that has more than double any of the other nation. Yet 15 to 25% of the American population has no healthcare coverage due to a lack of any form of universal
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Population3 |293 |296 |299 |302 |305 |307 |310 |313 |316 |318 |321 |324 |327 |329 |332 |3358 | |Population age less than 65 years |257 |260 |262 |264 |266 |268 |270 |272 |274 |275 |276 |278 |279 |281 |282 |283 | |Population age 65 years and older |36.0 |36.3 |37.0 |37.7 |38.7 |39.3 |40.0 |40.8 |42.0 |43.3 |45 |46 |47 |498 |50 |52 | |Private Health Insurance - NHE (billions) |$646 |$691 |$728 |$760 |$783 |$800 |$829 |$862 |$894 |$942 |$1,005 |$1,076 |$1,149 |$1,220 |$1,291 |$1,361 | |Private Health Insurance - PHC (billions) |560 |600 |635 |665 |691 |719 |733 |754 |783 |824 |878 |940 |1,001 |1,060 |1,119 |1,178 | |National Health Expenditures (billions) |-- |6.9 |6.6 |6.0 |4.4 |5.7 |3.9 |5.2 |5.5 |6.1 |6.6 |6.7 |7.0 |6.8 |6.8 |6.6 | |National Health Expenditures as a Percent of Gross Domestic Product (Change) |-- |0.1%

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