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Rising Cost of Health Care and Out of Pocket Expenditures

Auteur : Ethridge Veree
Année de Publication : 2010
Type : Etude
Thème : Santé
Couverture : Etats-Unis d'Amérique

Résumé/Sommaire :

During more than two decades of cost of living measures in relation to consumer expenditures, medical care cost have consistently increased at a higher level than the general level of inflation. With the base years 1982-1984 for the Consumer Price Index with the basket of goods set at 100, the all city average for urban consumers has an index value of 207 for 2007and 215 for 2008. However, the medical care component for 2007 and 2008 has an index value of 351 and 364, respectively. A publication by the Kaiser Family Foundation reported that health care spending in the US has risen about 2.4 percentage points faster than the GDP since 1970. While health care spending is approximately 17% of the GDP in 2009, by 2018 it is projected to account for nearly 20.3% of our GDP ( This expenditure is coming from both public and private funds. This paper examines the out of pocket expenditures by consumers using the 2007and 2008 Consumer Expenditure Survey.

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