Do More With Reuters
Partner Services

FACTBOX: U.S. healthcare spending hit $2.2 trillion in 2007

Tue Jan 6, 2009 6:43pm IST
 
Email | Print | | Single Page
[-] Text [+]

(Reuters) - U.S. healthcare spending rose to $2.2 trillion in 2007, or $7,421 per person, an increase of more than 6 percent from the previous year, the U.S. Centers for Medicare and Medicaid Services reported on Tuesday.

Here are some facts about healthcare spending in 2007:

-- Healthcare made up 16.2 percent of U.S. Gross Domestic Product in 2007.

-- In 2007, 31 percent of healthcare dollars went to hospitals, 21 percent to physicians and clinics, 7 percent on administrative costs, 10 percent to drugs, 25 percent to "other" and 6 percent to nursing homes.

-- Private insurance paid 35 percent of this; Medicare 19 percent; Medicaid and the State Children's Health Insurance Program 15 percent; 12 percent from other public funds; 7 percent from other private sources; and 12 percent was paid for out of pocket by patients.

-- Hospital spending was $696.5 billion while doctor and clinical services spending was $478.8 billion.

-- Medicare, the federal health insurance program for the elderly, spent $431.2 billion overall in 2007 while Medicaid, the state-federal health insurance plan for the poor and disabled, spent $329.4 billion.

-- Private health insurance premiums were $775 billion while patients spent $268.6 billion out of their own pockets.

(Reporting by Maggie Fox in Washington, editing by Will Dunham)

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Photo
Miss England gives up crown over brawl reports Friday, 6 Nov 2009 

LONDON (Reuters) - Beauty pageant winner Miss England gave up her title on Friday after reports she had been involved in a nightclub brawl with another beauty queen.  Full Article