Healthcare Tidbits – Fast Facts

All health care fast facts are from the non-partisan Congressional Budget Office (CBO) and Center for Medicare and Medicaid Services (CMS).  Although they represent many of their reports on this subject, they do not represent all of their reports on this subject.  Occasionally minor word adjustments may have been made for clarity or to reflect the updated nature of the statement.   As always, verify and view statements in their full context as often as possible.

From 1975 to 2005, the share of national health expenditures (NHE) that was financed privately fell slightly, from 59 percent to 55 percent, while the share that was financed publicly rose correspondingly, from 41 percent to 45 percent.Verify here
During the 1975 to 2005 period, out-of-pocket payments fell from 31 percent of national health expenditures to 13 percent, while payments by private insurers rose from 25 percent to 37 percent. Verify here
Measured as a percentage of the nation’s gross domestic product (GDP), total spending for health care increased from 4.7 percent in 1960 to 15.2 percent in 2007.  Verify here
In 2010, NHE is projected to have reached $2.6 trillion and grown 3.9 percent, down from 4.0 percent in 2009. Estimated spending growth in 2010 was slow due to continuing declines in employment and private health insurance coverage associated with the recent recession.  GDP growth is projected to have been 3.8 percent in 2010, nearly the same rate of growth as NHE.  Verify at Page 1
In 2011, Medicare provided federal health insurance for 48 million people who are elderly or disabled (the elderly make up nearly 85 percent of the enrollees) or who have end-stage renal disease or amyotrophic lateral sclerosis (also known as Lou Gehrig’s disease). Verify Page 37
The Medicare program provides a specified set of benefits. Hospital Insurance (HI), or Medicare Part A, primarily covers inpatient services provided by hospitals as well as skilled nursing, home health care, and hospice care. Verify Page 37
Medicare Part B mainly covers services provided by physicians and other practitioners and by hospitals’ outpatient departments. Verify Page 37
Medicare Part D provides prescription drug benefits. Verify Page 37
The vast majority of beneficiaries who receive care in the fee-for-service portion of Medicare have supplemental insurance that covers many or all of the program’s cost-sharing requirements. Verify Page 38
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