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Health care prices in the United States
Market and non-market factors that determine pricing
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2 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Legal (1)
- Health Policy (1)
- Federalism (1)
- Healthcare Finance (1)
- Financial Wellness (1)
- Market Growth (1)
🏷️ Keywords
California lawsuit (1) · Trump administration (1) · vaccine policy (1) · Xavier Becerra (1) · public health (1) · legal challenge (1) · federal vs state (1) · healthcare regulations (1) · HealthEquity (1) · Health Savings Accounts (1) · HSA growth (1) · assets under management (1) · healthcare savings (1) · financial wellness (1) · healthcare costs (1)
📖 Key Information
The prices of health care in the United States are higher than in other countries. Compared to other OECD countries, U.S. healthcare costs are one-third higher or more relative to the size of the economy (GDP). According to the CDC, during 2015, health expenditures per-person were nearly $10,000 on average, with total expenditures of $3.2 trillion or 17.8% of GDP. Proximate reasons for the differences with other countries include higher prices for the same services (i.e., a higher price per unit) and greater use of healthcare (i.e., more units consumed).
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