Health Economics Information Resources: A Self-Study Course
Module 2 - Sources and Characteristics of Information Relating to Health Care Financing in the US
Spending on health care services and products reached $1.3 trillion in 2000, which was up 6.9% from the previous year. This $1.3 trillion figure represents 13.2% of the U.S. Gross Domestic Product (GDP), or the total value of goods and services produced that year in the U.S.
Looking at this amount in the very broadest context over 13% of the total amount that was spent for all goods and services, or about 1 dollar in every 7, was allocated for health care purchases in 2000.
Throughout the literature, several determinants are cited repeatedly: an aging population, an increased demand for and use of advanced technology, a decline in enrollment in restrictive, cost-containing health care plans, and rapid spending growth on prescription drugs.
Last Reviewed: October 12, 2017