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What's Driving Healthcare Spending

What's Driving Healthcare Spend i i nnngggg..... CIPROMS Cultural biases that influence care Administrative Burden on utilization Changing trends in health care Providers, Payers, and Patients Fee for Service market consolidation and Reimbursement competition for providers and insurers Advances in medical technology Lack of transparency about cost and quality, compounded by limited data, to inform consumer choice The health care legal and regu- latory environment, including current medical malpractice and fraud and Population aging, rising rates of 53.7300 abuse laws chronic disease and co-morbidities, as Fragmentation in care delivery well as lifestyle factors and personal choices Insurance Benefit In 2010, over $2.6 trillion, roughly 18 percent of gross domestic product, was spent on healthcare in the United States. As a percentage of GDP, those costs have doubled over the last 30 years. Though healthcare growth has slowed recently, that decrease is largely attributed to a decrease in the use of medical services driven by the 2008 recession and subsequent economic downturn. Costs are ex- pected to continue to rise over the next few years, driven largely by the factors identified in the Sep- tember 2012 report by the Bipartisan Policy Center called "What is Driving U.S. Health Care Spending" and highlighted in this infographic. Understanding the cause of increased healthcare spending is the Design Tax treatment of health insurance High unit prices of medical Structure and supply of the first step toward reducing those costs in a long-term, sustained manner. services health professional workforce, including scope of practice restrictions, trends in SOURCE: http://bipartisanpolicy.org/library/staff-paperfwhat-driving-us-health-care-spending DESIGNED BY CHARITY SINGLETON, CIPROMS, Inc. clinical specialization, and patient access

What's Driving Healthcare Spending

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In 2010, over $2.6 trillion, roughly 18 percent of gross domestic product, was spent on healthcare in the United States. As a percentage of GDP, those costs have doubled over the last 30 years. Though...

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