United States Health Care Expenditure Statistics

Despite the fact that the United States is having a national debate on health care policy and many people are concerned about the fact that health care access is limited in the United States, expenditure on health care in the United States is high. Statistics can help provide an understanding of the scale of health care expenditure in the US.

In the year 2005, there was about $2 trillion spent on all health care services in total. In fact, compared to all other countries, the United States spends at least twice as much on health care services per person. Moreover, of the total expenditures on health care, 75% is spent on chronic conditions like cancer, diabetes, and high blood pressure.

Health care payments are spread over different sectors. In 2005, the federal government contributed 35% of the expenditures, while health insurance companies contributed a comparable amount of 36%. Out-of-pocket payments by health care seekers made up 15% of health care expenditures. Finally, states contributed 11% of the total expenditure.

Many people have become alarmed at rapidly increasing health care costs. Their alarm is warranted. From 2000 to 2006, while wages and inflation increased at rates of 3.8% and 3.5% respectively, health insurance premiums have increased at double these rates. Moreover, the average health insurance premium was $11,480.

These statistics help reveal the current health care situation and the possible sources of problems. Despite the problems plaguing the health care infrastructure in the United States, health care is still a necessity for those who can afford it.

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If you are searching for health insurance in the state of Texas, getting help to find the best, most affordable policy will be beneficial. To find a Texas health insurance policy and plan that meets your needs, contact Option 1 Health Insurance today.