Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the formula to calculate health care expenditures for all health care services (hospital care to other personal care) between 1960 and 2015. TABLE

What is the formula to calculate health care expenditures for all health care services (hospital care to other personal care) between 1960 and 2015.

image text in transcribed TABLE 3.1 NATIONAL HEALTH EXPENDITURES, SELECT YEARS, IN BILLIONS OF DOLLARS (UNLESS OTHERWISE STATED) Category 1960 1970 1980 1990 2000 2005 2010 2013 2014 2015 Hospital care $9.0 $27.2 $100.5 $250.4 $415.5 $609.4 $822.4 5937.9 $981.0 $1,036.1 Physician and clinical services 5.6 14.3 47.7 158.9 290.9 417.2 513.1 569.5 597.1 634.9 Dental services 2.0 4.7 13.4 31.7 62.3 87.0 105.0 110.1 1 12.8 117.5 Other professional services 0.4 0.7 3.5 17.4 37.0 52.7 69.8 78.8 82.8 87.7 Home health care 0.1 0.2 2.4 12.6 32.4 48.7 71.0 80.0 83.6 Nursing home care 0.8 4.0 15.3 44.9 85.1 1 12.5 140.0 149.2 152.6 156.8 Prescription drugs 2.7 5.5 12.0 40.3 121.2 205.3 253.0 265.1 297.9 324.6 Other medical products 2.3 5.0 13.9 36.2 56.8 71.7 91.1 100.8 103.5 107.5 Other personal care 0,5 1.3 8.5 24.3 64.5 96 5 129,1 144.3 151.5 163.3 Personal health care $23.3 $63.19 $217.2 $616.8 $1,165.7 $1,700.9 $2.196.6 $2,435.6 $2,562.8 $2,717.2 Government administration 0.1 0.3 2.8 7.2 17.1 28.3 30.1 37.2 41.2 42.6 Net cost of health Insurance 1.0 2.0 9.3 31.6 64.2 122.5 153.5 173.8 195.3 210.1 Public health activities 0,4 1.4 20.0 43.0 57.2 75.5 77.9 79.0 80.9 Research 0.7 2.0 5.4 12.7 25.5 40.3 49.2 46.7 45.9 46.7 Structures and equipment 1.9 5.8 14.7 36.0 62.5 86.5 93.5 106.4 105.0 108.0 National health expenditures $27.3 $74.8 $255.8 $724.3 $1,378.0 $2,034.8 $2,596.4 $2,877.6 $3,029 3 $3,205.6 Per capita personal Spending (dollars) $125 $300 $942 $2,430 $4,129 $5,757 $7,109 $7,710 $8,049 $8,467 Per capita national Spending (dollars) $147 $356 $1,110 $2,855 $4,881 $6,887 $8,404 $9,110 $9,515 9.990.0 National spending Percent of GDP (9%) 5.0 7.0 8.7 12.1 13.4 15.5 17.4 17.2 17.4 17.8 Source: Centers for Medicare and Medicald Services (CMS) website, http:/www.cms.his.gow NationalHealthExpendData/02_NationalHealthAccountsHistorical.asp/TopOfPage (Accessed January 11, 2017)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Robert Pindyck, Daniel Rubinfeld

9th Edition

0134184246, 9780134184241

More Books

Students also viewed these Economics questions

Question

contrast intellectual and physical ability. AppendixLO1

Answered: 1 week ago

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago