Health care prices in the United States information
Market and non-market factors that determine pricing
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Healthcare reform in the United States
History
Debate
Legislation
Preceding
Social Security Amendments of 1965
EMTALA (1986)
HIPAA (1996)
Medicare Modernization Act (2003)
PSQIA (2005)
Superseded
Affordable Health Care for America (H.R. 3962)
America's Affordable Health Choices (H.R. 3200)
Baucus Health Bill (S. 1796)
Proposed
American Health Care Act (2017)
Medicare for All Act (2021, H.R. 1976)
Healthy Americans Act (2007, 2009)
Health Security Act (H.R. 3600)
Latest enacted
Affordable Care Act (H.R. 3590)
Health Care and Education Reconciliation Act (H.R. 4872)
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Health care prices in the United States of America describe market and non-market factors that determine pricing, along with possible causes as to why prices are higher than in other countries.[1]
Compared to other OECD countries, U.S. healthcare costs are one-third higher or more relative to the size of the economy (GDP).[2] 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.[3] 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). Higher administrative costs, higher per-capita income, and less government intervention to drive down prices are deeper causes.[4] While the annual inflation rate in healthcare costs has declined in recent decades,[5] it still remains above the rate of economic growth, resulting in a steady increase in healthcare expenditures relative to GDP from 6% in 1970 to nearly 18% in 2015.[3]
^Kliff, Sarah; Katz, Josh (August 22, 2021). "Hospitals and Insurers Didn't Want You to See These Prices. Here's Why". The New York Times. Retrieved August 22, 2021.
^Cite error: The named reference OECD1 was invoked but never defined (see the help page).
^ abCDC-National Center for Health Statistics-Retrieved October 26, 2017
^Cite error: The named reference Atlantic1 was invoked but never defined (see the help page).
^Cite error: The named reference FRED1 was invoked but never defined (see the help page).
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