8.1k views
5 votes
The top 1% consumers in healthcare spend approximately ___percentage of overall healthcare expenses.

A. 10%
B. 20%
C. 30%
D. 40%

1 Answer

0 votes

Final answer:

The top 1% of healthcare consumers are responsible for approximately 20% of the overall healthcare expenses, reflecting the high concentration of healthcare expenditure within a small segment of the population.

Step-by-step explanation:

The top 1% of consumers in healthcare spend approximately 20% of overall healthcare expenses. Healthcare expenditure is highly concentrated, with a small fraction of the population accounting for a significant portion of total spending. Notably, healthcare spending also tends to increase with age, reflecting higher health-related needs among older populations. Given the expected growth in healthcare spending, it's crucial to understand how a minority of consumers can account for such a sizable chunk of healthcare costs.

User Amal K
by
8.5k points