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Total health care expenditures, % of GDP

Total health care expenditures, % of GDP. Total health care expenditures, % of GDP. Total health care expenditures per capita US$. Total health care expenditures per capita US$. Public expenditure, % of total health expenditures. Public expenditure, % of total health expenditures.

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Total health care expenditures, % of GDP

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  1. Total health care expenditures, % of GDP

  2. Total health care expenditures, % of GDP

  3. Total health care expenditures per capita US$

  4. Total health care expenditures per capita US$

  5. Public expenditure, % of total health expenditures

  6. Public expenditure, % of total health expenditures

  7. Healthcare challenges facing the US • Cost containment: Health care spending has been rising much faster than incomes. • Coverage: 46.3 million were uninsured in 2008, 15% of the US population. • Access: 64% of the uninsured are low-income individuals or families. 37% of the poor and 24% of the near-poor are uninsured.

  8. Why doesn’t the health care market work? • Asymmetric information • Adverse selection • Moral hazard--due to third-party payers • Equity: access by the poor

  9. Overview of the recent health care plan • Access: 1. Projection for 2019: Will extend coverage to 36 million uninsured, but 18 million will remain uninsured 2. Bans denial of coverage for pre-existing conditions • Adverse selection: Individual mandates • Moral hazard: Will remove tax exemption for high-end insurance plans • Equity: 1. Will add 16 million to Medicaid 2. Will subsidize coverage for low- and middle-income individuals and families • Cost containment: 1. CBO estimate: $938B cost, $138B deficit reduction over 10 years 2. Medicare Advisory Board to monitor costs 3. Pilot projects

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