National Health Care Spending Paper

2627 WordsJan 2, 201111 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…show more content…
(Medicare growth under this scenario would be 5.1 percent in 2010.) Private spending in 2010 is projected to grow just 2.8 percent, related to both declining private health insurance enrollment tied to sustained high rates of unemployment and the expiration of Federal subsidies associated with COBRA coverage (Centers for Medicare & Medicaid Services, Office of the Actuary, 2010). Forecast of Projected National Health Expenditures Table 1 |National Health Expenditures and Selected Economic Indicators, Levels and Annual Percent Change: Calendar Years 2004-2019 1 Projected | Item |2004 |2005 |2006 |2007 |2008 |2009 |2010 |2011 |2012 |2013 |2014 |2015 |2016 |2017 |2018 |2019 | |National Health Expenditures (billions) |$1,855 |$1,983 |$2,113 |$2,240 |$2,339 |$2,472 |$2,570 |$2,703 |$2,850 |$3,025 |$3,225 |$3,442 |$3,684 |$3,936 |$4,204 |$4,483 | |National Health Expenditures as a Percent of Gross Domestic Product |15.6% |15.7% |15.8% |15.9% |16.2% |17.3% |17.3% |17.3% |17.2% |17.3% |17.4% |17.7% |18.1% |18.5% |18.9% |19.3% | |National Health Expenditures Per Capita |$6,328 |$6,701 |$7,071 |$7,423 |$7,681 |$8,047 |$8,290 |$8,643 |$9,035 |$9,505 |$10,048 |$10,631 |$11,281 |$11,95 |$12,658 |$13,387 | |Gross Domestic Product (billions) |$11,868 |$12,638 |$13,399 |$14,078 |$14,441 |$14,283 |$14,854 |$15,611 |$16,564
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