(credit : most content of this post was gleaned from AARP April 2017 bulletin)
Our annual bill is $3.2
trillion annually. And the attached
chart shows where it goes. Since we are
all involved in either paying for this, or using some of its services, I thought
it would be good to share this graph from AARP Bulletin April 2017
Age is a big factor in health
care costs. With the exception of Japan, the world’s
25 “oldest” countries are all
in Europe; the United States
ranks 29th in aging population percentage. That’s measured by the %
of the population over age 65.
An interesting aging option
(Government assisted) is a cash model. Germany, introduced a social
insurance program for long-term care that includes a cash benefit option. This
option provides beneficiaries with a cash payment to purchase services or
support informal caregivers. In Germany,
most cash benefits go to informal caregivers or are given to the household
rather than used to buy formal services.
Here is an interesting PDF on
health care among developed nations – we obviously spend way more % of our GDP
than most developed nations.
Where does
our USA health care dollars go?
1.
by far the most
goes to hospital care 32% of all medical
spending
2.
physicians get
the next 20 %
3.
drugs get the
next 10 %
4.
Government or
Insurance company expenses get 8%
5.
Nursing care
facilities take in about 5 % -- far less than I thought
6.
Research is about
5 %
7.
Personal care
about 5 %
8.
Dental services
about 4 %
9.
Medical equipment
4 %
10. other services
3 %
11. home health care only 3 % -- I thought it would be
much more
12. public health care (for the poor ?) 3 % ..
not a great deal
Where does the money come
from ?
1.
Private health
insurance 33 %
2.
Medicare 20 %
3.
Out of pocket 11 %
4.
Medicaid 11 % --- not as much as some think but still
sizeable
5.
VA or
Military 3 %
6.
Public health
money 3%
7.
other 3rd.
party payers 8 %
8.
non profits 8 % --- I guess like the Gates
Foundation? Not sure
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