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

A

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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