Question
1. How much does US spend on health care in 2020? What is the growth rate from 2019? What's the annual growth rate before? 2.
1. How much does US spend on health care in 2020? What is the growth rate from 2019? What's the annual growth rate before?
2. Break down the health care spending into different categories. What are different ways to break down? After breaking down, what's the growth rate of each category? Which category grows that fastest in 2020 due to the pandemic? Any category grows negatively, i.e. decreased comparing to 2019?
3. What are major components of "The Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020"?
4. Which categories are highly affected by federal spending in response to the pandemic?
5. Combined with information on https://www.bls.gov/news.release/cpi.toc.htm, do you think the increased spending is due to increased utilization or increased price? How is inflation in medical services compared to inflation in other consumption goods? Support the answer with numbers.
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