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.

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.

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

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.

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;

In the U.S. many employers pay a portion of health care costs for employees. As of 2019, the total annual medical costs for employees was just over 13 thousand U.S. dollars. That cost is expected to increase to 13.7 thousand U.S. dollars by 2020. There have been recent changes to employer-offered health care through the Affordable Care Act that requires employers with over 50 employees to offer affordable health care options to their employees.

U.S. health benefits at work

In the United States, both employers and employees may pay health care costs, depending on the work. In a recent survey U.S. residents were asked what benefits they expected from their employers, a vast majority of them said that they expect health care benefits. Despite the demand from employer-sponsored healthcare coverage, not all companies feel that they would be able to offer health coverage as an employment benefit. Another recent survey has illustrated that employer confidence in offering health insurance can change dramatically from year-to-year.

U.S. sick leave benefits

Another aspect of workplace health and wellness, is annual sick leave. In general, a majority of U.S. workers have access to a fixed number of paid sick days per year. However, a very small proportion of employees had access to paid sick leave as needed. As of 2017, around half of all employees utilized up to 5 days of sick leave per year. Despite that, there was still a large proportion, especially among those aged 18-30 years that went to work even though they were ill.

China Consumption Expenditure per Capita: Health Care and Medical Services data was reported at 2,547.000 RMB in 2024. This records an increase from the previous number of 2,460.000 RMB for 2023. China Consumption Expenditure per Capita: Health Care and Medical Services data is updated yearly, averaging 743.700 RMB from Dec 1998 (Median) to 2024, with 27 observations. The data reached an all-time high of 2,547.000 RMB in 2024 and a record low of 173.200 RMB in 2000. China Consumption Expenditure per Capita: Health Care and Medical Services data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Household Survey – Table CN.HD: Expenditure per Capita.

Description:

Explore the intricacies of medical costs and healthcare expenses with our meticulously curated Medical Cost Dataset. This dataset offers valuable insights into the factors influencing medical charges, enabling researchers, analysts, and healthcare professionals to gain a deeper understanding of the dynamics within the healthcare industry.

Columns: 1. ID: A unique identifier assigned to each individual record, facilitating efficient data management and analysis. 2. Age: The age of the patient, providing a crucial demographic factor that often correlates with medical expenses. 3. Sex: The gender of the patient, offering insights into potential cost variations based on biological differences. 4. BMI: The Body Mass Index (BMI) of the patient, indicating the relative weight status and its potential impact on healthcare costs. 5. Children: The number of children or dependents covered under the medical insurance, influencing family-related medical expenses. 6. Smoker: A binary indicator of whether the patient is a smoker or not, as smoking habits can significantly impact healthcare costs. 7. Region: The geographic region of the patient, helping to understand regional disparities in healthcare expenditure. 8. Charges: The medical charges incurred by the patient, serving as the target variable for analysis and predictions.

Whether you're aiming to uncover patterns in medical billing, predict future healthcare costs, or explore the relationships between different variables and charges, our Medical Cost Dataset provides a robust foundation for your research. Researchers can utilize this dataset to develop data-driven models that enhance the efficiency of healthcare resource allocation, insurers can refine pricing strategies, and policymakers can make informed decisions to improve the overall healthcare system.

Unlock the potential of healthcare data with our comprehensive Medical Cost Dataset. Gain insights, make informed decisions, and contribute to the advancement of healthcare economics and policy. Start your analysis today and pave the way for a healthier future.

The public and private per capita health expenditure differs significantly by country. As of 2023, the United States had by far the highest public per capita spending worldwide. Moreover, the U.S. had the second-highest private expenditure on health globally just after Switzerland. Health expenditures globally Health expenditures include the consumption of health goods, services and public health programs as well as insurance and government spending. Globally, health expenditures are on the rise. Among all countries the average per capita health expenditure is projected to see an increase of over 30 percent from the 2019 totals by the year 2050. Despite the growing expenditures, there are still countries with relatively low health expenditures. The countries with the lowest governmental health expenditure include South Sudan, Eritrea and Bangladesh. Health expenditures spotlight: the U.S. In 2021 the U.S. national health expenditure was at an all-time high. However, the projections indicate that total health expenditures will increase even more. The per capita health expenditures for the U.S. looked equally grim, with 2021 projected to be the most expensive year for health care on record. Despite having seen a significant increase in the total cost of health care in the U.S., trends indicate that the annual percentage change in health expenditures is decreasing over time.

Graph and download economic data for Unit Labor Costs for Health Care and Social Assistance: Medical and Diagnostic Laboratories (NAICS 6215) in the United States (IPURN6215U100000000) from 1994 to 2024 about diagnostic labs, healthcare, unit labor cost, social assistance, medical, health, NAICS, IP, and USA.

This dataset contains data for the Healthcare Payments Data (HPD): Medical Out-of-Pocket Costs and Chronic Conditions report. The data covers three measurement categories: annual member count, annual median out-of-pocket count, annual median claim count. The annual member count quantify the number of unique individuals who received at least one medical service in the reporting year. Annual median out-of-pocket measurements quantifies the sum of copay, coinsurance, and deductible incurred by members. Annual median claim count measurements quantifies the number of distinct claims or encounters associated with members. Both 25th and 75th percentiles for out-of-pocket cost and claim count are also included. Measures are grouped by payer types, chronic conditions flag, chronic condition types, and chronic condition numbers.

The HCUP Summary Trend Tables include monthly information on hospital utilization derived from the HCUP State Inpatient Databases (SID) and HCUP State Emergency Department Databases (SEDD). Information on emergency department (ED) utilization is dependent on availability of HCUP data; not all HCUP Partners participate in the SEDD. The HCUP Summary Trend Tables include downloadable Microsoft® Excel tables with information on the following topics: Overview of monthly trends in inpatient and emergency department utilization All inpatient encounter types Inpatient stays by priority conditions -COVID-19 -Influenza -Other acute or viral respiratory infection Inpatient encounter type -Normal newborns -Deliveries -Non-elective inpatient stays, admitted through the ED -Non-elective inpatient stays, not admitted through the ED -Elective inpatient stays Inpatient service line -Maternal and neonatal conditions -Mental health and substance use disorders -Injuries -Surgeries -Other medical conditions Emergency department treat-and-release visits Emergency department treat-and-release visits by priority conditions -COVID-19 -Influenza -Other acute or viral respiratory infection Description of the data source, methodology, and clinical criteria

Access United Healthcare Transparency in Coverage data for 76,000 employers. Analyze costs across providers, plans, and employers. Includes in-network rates, out-of-network amounts, and cost-sharing info. 400TB+ monthly data. Ideal for pricing insights and cost strategies.

Graph and download economic data for Expenditures: Healthcare by Deciles of Income Before Taxes: Eighth 10 Percent (71st to 80th Percentile) (CXUHEALTHLB1509M) from 2014 to 2023 about healthcare, health, percentile, tax, expenditures, income, and USA.

Graph and download economic data for Unit Labor Costs for Health Care and Social Assistance: Hospitals, Except Psychiatric and Substance Abuse Hospitals (NAICS 622A) in the United States (IPURN622AU100000000) from 1993 to 2022 about healthcare, hospitality, unit labor cost, hospitals, social assistance, health, NAICS, IP, and USA.

The retirement healthcare cost index compares the estimated cost of healthcare at retirement against expected social security benefits (before taxes) throughout retirement. The retirement healthcare cost index for a healthy 65-year-old- couple retiring in 2023 in the U.S. is estimated to be **** percent in the first year. In the next ten years, it is projected to rise to ** percent, and by the end of their lives, it is most likely to offset their social security payments.

The average for 2021 based on 181 countries was 1402.97 U.S. dollars. The highest value was in the USA: 12012.24 U.S. dollars and the lowest value was in Madagascar: 17.64 U.S. dollars. The indicator is available from 2000 to 2022. Below is a chart for all countries where data are available.

The Medical Expenditure Panel Survey Insurance Component (MEPS-IC) is an annual survey of private employers and State and local governments. The MEPS-IC produces national and State level estimates of employer-sponsored insurance, including offered plans, costs, employee eligibility, and number of enrollees. With the MEPS-IC Data Tools, users can interactively explore maps, trends, and cross-sectional bar charts for topics related to national and state-level employer-based health insurance for employer characteristics/offerings; employee take-up; premiums; contributions; and cost-sharing. The MEPS-IC is sponsored by the Agency for Healthcare Research and Quality and is fielded by the U.S. Census Bureau.