Discuss the gross domestic product (GDP) in terms of health care expenditures. Discuss both the percentage and the whole number.

According to the Centers for Medicare and Medicaid Services (CMS), in 2015, the US spent 17.8% of its Gross Domestic Product (GDP) on healthcare, which amounted to “$3.2 trillion, or $9,990 per person”. Moreover, CMS reports that this number has been steadily growing; for instance, between 2014 and 2015, it increased by 5.8%. The federal government is the largest investor for healthcare (29%); local governments are responsible for 17% of the expenditures.

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Academic.Tips. 2021. "Discuss the gross domestic product (GDP) in terms of health care expenditures. Discuss both the percentage and the whole number." June 9, 2021. https://academic.tips/question/discuss-the-gross-domestic-product-gdp-in-terms-of-health-care-expenditures-discuss-both-the-percentage-and-the-whole-number/.

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Academic.Tips. "Discuss the gross domestic product (GDP) in terms of health care expenditures. Discuss both the percentage and the whole number." June 9, 2021. https://academic.tips/question/discuss-the-gross-domestic-product-gdp-in-terms-of-health-care-expenditures-discuss-both-the-percentage-and-the-whole-number/.

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