What's Driving Healthcare Spending
10/3/2012 1:21 PM
In 2010, over $2.6 trillion, roughly 18 percent of gross domestic product, was spent on healthcare in the United States. As a percentage of GDP, those costs have doubled over the last 30 years. Though healthcare growth has slowed recently, that decrease is largely attributed to a decrease in the use of medical services driven by the 2008 recession and subsequent economic downturn.
Costs are expected to continue to rise over the next few years, driven largely by the factors identified in the September 2012 report by the Bipartisan Policy Center called “What is Driving U.S. Health Care Spending?” and highlighted in this infographic. Understanding the cause of increased healthcare spending is the first step toward reducing those costs in a long-term, sustained manner.
-- Compiled and written by Charity Singleton Craig for CIPROMS. All rights reserved. For use or reprint in your blog, website, or publication, please contact us at email@example.com.