Final answer:
The claim that more than 70 percent of national health expenditures are from insurance is true, as both public programs like Medicare and Medicaid, and private insurance cover a significant portion of healthcare costs in the U.S.
Step-by-step explanation:
The statement that more than 70 percent of all national health expenditures come from some form of public or private insurance is indeed true. In the United States, health care financing is divided between public and private sectors, with a substantial proportion funded by insurance. Public healthcare includes government-funded programs like Medicare, which provides insurance for those over 65 years old, and Medicaid, available for certain low-income individuals and families. Private healthcare is often secured through employers or purchased individually.
Health expenditures as a percentage of GDP are significant, with approximately 20% of the U.S. economy going to health care in 2020, split evenly between public and private spending. This indicates a heavy reliance on insurance mechanisms to manage health care costs, supporting the claim that a major portion of health expenditures is covered by insurance plans.