spending on health - AZmedpeds.com

Impacts of Rising Healthcare Cost on Average American

The growth rate of health care spending in the United States exceeded the growth rate Gross domestic product (GDP), inflation and population for many years. Between 1940 And 1990, the annual growth rate of real per capita health spending ranged from 3.6% In the 1960s to 6.5% in the 1990s. As a result, the share of GDP Spending on health care increased from 4.5% in 1940 to 12.2% in 1990. In 2005, health care almost $ 2 trillion, or $ 6,697 per capita, which represents 16% of GDP (Catlin et al., 2007). The steady increase in health care spending in the United States Four and a half decades is likely to continue, and total health spending Achieve $ 4 trillion, or 20% of GDP by 2015.

spending on health - AZmedpeds.com

Studies and anecdotal reports suggest The rapid growth of spending can hurt the US economy. The study of this potential link is not a direct effort. Healthcare Expenditures affect the economy in a diverse and complex way, and the effects may differ Sectors of the economy and population groups. For example, commentators noted That, while health spending may hinder economic growth Stimulate economic growth and prosperity in selected sectors of the economy. Understanding how health spending affects economic growth requires an assessment Of these many dimensions.

It is therefore not surprising that the dramatic increase in Family health care spending and the share of GDP spent on health care have raised concerns about the negative impact of health care cost inflation on the economy the United States. In the era of global economic markets, these concerns are reinforced by the status of the United States as a spending parameter among competing nations. The main concern is that the rapid increase in health care spending can affect the main economic indicators such as per capita GDP, employment, and inflation. The effects are likely to occur in all sectors of the economy – governments, businesses, and households – because all these interrelated sectors play an important role in the provision, financing and consumption of health care in the United States.