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National Health Expenses, 1960-2018: https://www.cdc.gov/nchs/data/hus/2019/045-508.pdf https://www.cdc.gov/nchs/data/hus/2019/045-508.pdf Linked from https://
by mcguire 5y ago
National Health Expenses, 1960-2018: https://www.cdc.gov/nchs/data/hus/2019/045-508.pdf https://www.cdc.gov/nchs/data/hus/2019/045-508.pdf
Linked from https://www.cdc.gov/nchs/fastats/health-expenditures.htm https://www.cdc.gov/nchs/fastats/health-expenditures.htm
In 2018, hospital care is about 33%. Professional services (physician and clinical services, 20%, dental services, and other) is about 26%. Retail medical products is 12% (prescription drugs, 9%).
Net cost of health insurance is 2.6%, which is "Difference between premiums earned and benefits incurred. This is the amount of health insurance spending attributed to nonmedical benefit expenses such as administrative costs, additions to reserves, rate credits and dividends, premium taxes, and profits. This category includes the net cost for private health insurance companies that insure enrollees in Medicare, Medicaid, CHIP, and workers’ compensation (health
portion only)."
It would be nice to have a breakdown of hospital budgets, but I cannot find any.
- pizza234 5y agoThis is very interesting, however, I wonder how those numbers reconcile with wildly different prices based on insurer. At a naive look, if insurance cost would be less than 10% of the final cost of a service (assuming that a generic service can represent health cost in general), one would expect the difference to be in that range - but the article shows a much higher variance.
- mcguire 5y agoHow so? The article discussed differences in the prices paid by insurance (on uninsured patients) to the service providers. That is entirely unrelated to the aggregate amount of money the insurance companies pay to their staff, their profits, etc.