Basic money facts about health care

Just in case you were wondering where the health care dollars are going and how much of our economy is connected to the health industries. It is no wonder that health care industries political donations and lobby expenditures far outstrip all other segments of the economy.

graphic and text comes from KaiserEDU.org

National Health Expenditures, 2008

hc cost exp.JPG

Total for 2008 $2.3 Trillion

Health care costs have been rising for several years. Expenditures in the United States on health care surpassed $2.3 trillion in 2008, more than three times the $714 billion spent in 1990, and over eight times the $253 billion spent in 1980. Stemming this growth has become a major policy priority, as the government, employers, and consumers increasingly struggle to keep up with health care costs. [1]

In 2008, U.S. health care spending was about $7,681 per resident and accounted for 16.2% of the nation’s Gross Domestic Product (GDP); this is among the highest of all industrialized countries. Total health care expenditures grew at an annual rate of 4.4 percent in 2008, a slower rate than recent years, yet still outpacing inflation and the growth in national income.

via KaiserEDU.org

also, read an earlier post on health care lobbying spending data

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