The cost of healthcare in the US is staggeringly high and continues to rise. The average American spent over $11,000 in 2020 on healthcare, a figure that has increased by an average of 5.5% each year since 2000. A major portion of these costs come from hospital care, which accounts for 32% of all healthcare spending in the US. Healthcare insurance also plays a major role, with premiums and out-of-pocket expenses making up 28% and 20% of total healthcare spending, respectively. Doctor visits and prescription drugs are also significant contributors, making up 15% and 8%, respectively. With healthcare costs rising, it is becoming increasingly important for Americans to understand the breakdown of the costs they are paying.
Posts by tag: breakdown
April 5, 2023
What is the cost breakdown of healthcare in the US?
