Keep in mind, the chart we presented a while back, a comparison of how healthcare expenses compare to GDP or take of GDP to pay for it. Still less than 18%. What you are looking at is a finer breakdown of the healthcare costs. What do we want to improve? Healthcare spending in the U.S. increased by 4.1% in 2022 to $4.4 trillion or $13,493 per capita. This growth rate is comparable to pre-pandemic rates (4.1% in 2019). Although government spending...
Read More »Healthcare Utilization, Costs, and Pricing Drivers – 2017 and 2021
Health Care Cost and Utilization Report, healthcostinstitute.org, April 2023 Year-over-year and 5-year cumulative trends in health care spending for individuals with employer-sponsored insurance. A detailed report by the Health Care Cost Institute covering the period 2017 – 2021 which includes the Covid pandemic. Decreases i total costs were seen during the pandemic. Still in the end, you will see pricing being the biggest factor in healthcare...
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