Healthcare Spending Will be One-Fifth of the Economy within a Decade
Healthcare spending in the United States is rising, with serious implications for the federal budget.
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Healthcare spending in the United States is rising, with serious implications for the federal budget.
A new organization established by the Peterson Foundation, announced three major initiatives to advance the Center's mission to transform U.S. healthcare.
https://www.pgpf.org/blog/peterson-center-on-healthcare-launches
To further efforts to reduce the costs and improve the quality of health care in this country, PGPF has provided grant money to the Institute of Medicine, the health arm of the National Academy of Science.
https://www.pgpf.org/what-we-are-doing/grants/addressing-the-costs-and-quality-of-healthcare
The rise in healthcare spending was largely driven by the federal response to the COVID-19 pandemic.
https://www.pgpf.org/blog/2022/01/healthcare-spending-reaches-a-record-high
Healthcare spending in the United States totaled 18.3 percent of gross domestic product (GDP) in 2021.
https://www.pgpf.org/blog/2023/04/healthcare-spending-in-the-united-states-remains-high
Despite higher healthcare spending per capita, the U.S. generally does not have better health outcomes.
https://www.pgpf.org/chart-archive/0252_health_outcomes_spending
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Despite higher healthcare spending, America’s health outcomes are not any better than those in other developed countries.
https://www.pgpf.org/blog/2023/07/how-does-the-us-healthcare-system-compare-to-other-countries
In 2021, health spending in the United States totaled $4.3 trillion and averaged nearly $13,000 per person.
https://www.pgpf.org/blog/2023/07/how-can-we-reduce-unnecessary-healthcare-spending-in-the-us