The United States has the highest expenditure on health care per capita globally. However, the U.S. has an unique way of paying for their health care where a majority of the expenditure falls upon private insurances. In FY 2024, around one ***** of all health expenditure is paid by private insurance. Public insurance programs Medicare and Medicaid accounted for ** and ** percent, respectively, of health expenditure during that same year. U.S. health care system Globally health spending has been increasing among most countries. However, the U.S. has the highest public and private per capita health expenditure among all countries globally, followed by Switzerland. As of 2020, annual health care costs per capita in the United States totaled to over ** thousand U.S. dollars, a significant amount considering the average U.S. personal income is around ** thousand dollars. Out of pocket costs in the U.S. Aside from overall high health care costs for U.S. residents, the total out-of-pocket costs for health care have been on the rise. In recent years, the average per capita out-of-pocket health care payments have exceeded *** thousand dollars. Physician services, dental services and prescription drugs account for the largest proportion of out-of-pocket expenditures for U.S. residents.

Per capita national health expenditures in the United States have increased significantly since 1960. In 2023, national health expenditures amounted to **** thousand U.S. dollars per capita. For comparison, in 1960, per capital expenditures for health stood at *** U.S. dollars. According to recent data, the U.S. has some of the highest health care costs in the world. Health care expenditures With increased per capita health expenditures, U.S. health care expenditures as a percentage of the gross domestic product (GDP) have also increased over the decades. Among developed countries, the U.S. has the highest health expenditure as a proportion of the GDP. The high level of health costs in the U.S. may be attributable to high costs for prescribed drugs and health services as well as high administrative costs. Cost areas A large proportion of all health care spending in the U.S. is attributable to hospital care and physician and clinical services. In recent years, many sectors have seen an increase in health care spending. However, data suggests that prescription drugs have seen some of the most dramatic increases in spending in recent years. The annual prescription drug expenditures in the U.S. reached an all-time high by the end of 2022.

Graph and download economic data for Health Services Expenditures per Capita (HLTHSEPCHCSA) from 2000 to 2021 about healthcare, health, expenditures, per capita, services, and USA.

Graph and download economic data for Expenditures: Healthcare by Age: Age 65 or over (CXUHEALTHLB0407M) from 1988 to 2023 about 65-years +, healthcare, age, health, expenditures, and USA.

This data package contains the information of Medicare and Medicaid healthcare spending and healthcare cost and percentages by state.

In 2023, U.S. national health expenditure as a share of its gross domestic product (GDP) reached 17.6 percent, this was an increase on the previous year. The United States has the highest health spending based on GDP share among developed countries. Both public and private health spending in the U.S. is much higher than other developed countries. Why the U.S. pays so much moreWhile private health spending in Canada stays at around three percent and in Germany under two percent of the gross domestic product, it is nearly nine percent in the United States. Another reason for high costs can be found in physicians’ salaries, which are much higher in the U.S. than in other wealthy countries. A general practitioner in the U.S. earns nearly twice as much as the average physician in other high-income countries. Additionally, medicine spending per capita is also significantly higher in the United States. Finally, inflated health care administration costs are another of the predominant factors which make health care spending in the U.S. out of proportion. It is important to state that Americans do not pay more because they have a higher health care utilization, but mainly because of higher prices. Expected developmentsBy 2031, it is expected that health care spending in the U.S. will reach nearly one fifth of the nation’s gross domestic product. Or in dollar-terms, health care expenditures will accumulate to about seven trillion U.S. dollars in total.

Health expenditure in the U.S. has been a hotly debated topic among political parties, especially on the verge of presidential elections. Health expenditures in the U.S. have been increasing over time and are projected to keep increasing. As of 2023, the U.S. spent a total of *** trillion U.S. dollars on healthcare. U.S. health expenditure in comparison The U.S has some of the highest expenditures for health care in the world. With a total health spending of roughly ** percent of the country’s GDP, the U.S. has far surpassed the country with the second highest health expenditure as a share of GDP, Germany. The United States, despite having a mixed method of healthcare financing and insurances, also has one of the highest shares of domestic governmental health expenditures. U.S. health care payers There are several different governmental and non-governmental agencies that are responsible for health care funding and payments in the United States. Currently, private insurance and Medicare are the two largest payers of U.S. health care. Direct health care costs are not the only things that these payers are responsible for. They may also be partly responsible for prescription drug costs. Again, private insurance and Medicare are the two largest payers of prescription drug costs in the U.S. Among all the payers of health care costs in the U.S., Medicare has experienced the highest level of health spending increases in recent years.

This dataset identifies health care spending at medical services such as hospitals, physicians, clinics, and nursing homes etc. as well as for medical products such as medicine, prescription glasses and hearing aids. This dataset pertains to personal health care spending in general. Other datasets in this series include Medicaid personal health care spending and Medicare personal health care spending.

According to a study conducted in 2021, the silent generation on average spent ***** U.S. dollars on healthcare annually, it accounted for nearly ** percent of their total annual spending. Compared to the other generations, Gen Z spent the least on healthcare annually, amounting to ***** U.S. dollars on average.

Graph and download economic data for Government current expenditures: Health (G160271A027NBEA) from 1959 to 2023 about health, expenditures, government, GDP, and USA.

Graph and download economic data for Expenditures: Healthcare by Deciles of Income Before Taxes: Ninth 10 Percent (81st to 90th Percentile) (CXUHEALTHLB1510M) from 2014 to 2023 about healthcare, health, percentile, tax, expenditures, income, and USA.

United States US: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 0.781 % in 2013. This records a decrease from the previous number of 0.856 % for 2012. United States US: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 0.880 % from Dec 1995 (Median) to 2013, with 18 observations. The data reached an all-time high of 1.078 % in 2000 and a record low of 0.724 % in 2008. United States US: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Poverty. Proportion of population spending more than 25% of household consumption or income on out-of-pocket health care expenditure, expressed as a percentage of a total population of a country; ; Wagstaff et al. Progress on catastrophic health spending: results for 133 countries. A retrospective observational study, Lancet Global Health 2017.; Weighted Average;

Graph and download economic data for Medical Services Expenditures per Capita by Disease: Diseases of the Musculoskeletal System and Connective Tissue, Blended Account Basis (DIMSCTPCBLEND) from 2000 to 2021 about connective tissue, musculoskeletal, disease, healthcare, medical, health, expenditures, per capita, services, and USA.

Graph and download economic data for Medical Services Expenditures by Disease: Mental Illness , Blended Account Basis (MNINEIEXPBLEND) from 2000 to 2021 about mental health, disease, physicians, healthcare, medical, health, expenditures, services, and USA.

Graph and download economic data for Expenditures: Healthcare by Age: Under Age 25 (CXUHEALTHLB0402M) from 1984 to 2023 about healthcare, age, health, expenditures, and USA.

Graph and download economic data for Medical Services Expenditures per Capita by Disease: Mental Illness , MEPS Account Basis (MNINEIPCMEPS) from 2000 to 2021 about mental health, disease, physicians, healthcare, medical, health, expenditures, per capita, services, and USA.

In 2021, the silent generation's spending on healthcare on average amounted to 15.8 percent of their total annual spend in the United States. Compared to the other generations, Gen Z spends the least on healthcare, at 3.3 percent of their total average spend.

Total healthcare expenditures in the United States.

Graph and download economic data for Medical Services Expenditures by Provider: Dental Services (DENSEREXPHCSA) from 2000 to 2021 about dental, healthcare, medical, health, expenditures, services, and USA.

In 2022, U.S. out-of-pocket health care payments was reported to come to an average of ******* U.S. dollars per capita. In the U.S., especially out-of-pocket payments for prescribed drugs can be very high. This statistic depicts the per capita out-of-pocket health care payments in the United States from 1970 to 2022.