Question

47. Health care costs per capita Rising health care costs

are a growing concern for everyone in the United
States. Using U.S. Centers for Medicare and
Medicaid Services data from 2006 and projected to
2021, U.S. per capita health care costs can be modeled
by
y = 20.61x? - 116.4x + 7406
where x is the number of years past 2000. Use this
equation to find, to the nearest dollar, the average rate
of change of U.S. per capita health care costs from 2010
to 2015 and from 2015 to 2020.

Answer 1

NHE grew 4.6% to $3.8 trillion in 2019, or $11,582 per person, and accounted for 17.7% of Gross Domestic Product (GDP).
Medicare spending grew 6.7% to $799.4 billion in 2019, or 21 percent of total NHE.
Medicaid spending grew 2.9% to $613.5 billion in 2019, or 16 percent of total NHE.
Private health insurance spending grew 3.7% to $1,195.1 billion in 2019, or 31 percent of total NHE.
Out of pocket spending grew 4.6% to $406.5 billion in 2019, or 11 percent of total NHE.
Hospital expenditures grew 6.2% to $1,192.0 billion in 2019, faster than the 4.2% growth in 2018.
Physician and clinical services expenditures grew 4.6% to $772.1 billion in 2019, a faster growth than the 4.0% in 2018.
Prescription drug spending increased 5.7% to $369.7 billion in 2019, faster than the 3.8% growth in 2018.
The largest shares of total health spending were sponsored by the federal government (29.0 percent) and the households (28.4 percent). The private business share of health spending accounted for 19.1 percent of total health care spending, state and local governments accounted for 16.1 percent, and other private revenues accounted for 7.5 percent.