The California
Health Care Foundation recently released its 2012 report on health care
costs. The report illustrates how
America pays for its health care, as well as how these costs have evolved over
the past half-century. In 1960,
health spending represented just 5.2% of GDP. By 2010, that proportion ballooned to 17.9%. Per capita spending has experienced an
even more dramatic increase. In
2000, health spending per capita was $4,878, but after just a decade, that
figure rose to $8,402. Compared to
other countries, the U.S. spends far more on health care both per capita and as
a percentage of its GDP.
Switzerland’s $5,270 spent on health care per capita makes the nation a
distant second to the U.S. in health spending.
Over the past
50 years, the question of who foots the health care bill has constantly changed. In 1960, the bulk of
health care funds came from out-of-pocket spending. Today, however, government
programs like Medicare and Medicaid along with private insurance cover the
majority of costs, and hospital care, physician and clinical services, and
prescription drugs all necessitate far less out-of-pocket spending. For instance, in 1960, nearly all of
the money for prescription drug costs (96%) came from the consumers’
pockets. In 2010, out-of-pocket
spending accounted for just 19% of the expenditures.
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