The California HealthCare Foundation has a great document summarizing many useful Health Care Cost Statistics (see full text or fact sheet). Some of the highlights:
- Health Care spending as a percentage of GDP is projected to grow 16.0% of GDP in 2006 to 19.5% of GDP in 2017.
- Average health care spending per capita was $7026 in 2006 and will grow to $7868 in 2008.
- In 1962, Defense spending made up half of the federal budget, Social Security about 15% and Medicare had not yet been enacted. By 2007, Defense spending is only 20% of the budget while Social Security makes up 21% and Medicare 16% and rising.
- The U.S. has by far the highest health care spending as a percentage of GDP. This table compares health care spending across different countries.
- Hospitalization and Physician Services make up over 50% of health care spending. This table gives the distribution of health care spending in the U.S. by type of service.
- What are the drivers of the cost increases? Price inflation and a change in the volume and mix of services provided.