Economic Assignment

Page 1 of 1 HCM3002 Economics of Healthcare

© 2013 South University

HCM3002 Economics of Healthcare

Economic Principles and NHE

Table 1: Sources of National Health Expenditures (in million $)

Year Total Out-of- Pocket

Third-Party Payments

Total

Private Health

Insurance

Other Private Funds

Public

Total Federal* State and Local**

1970 65.685 24.982 40.703 15.428 9.011 16.264 13.817 2.447

1980 229.135 58.414 170.721 69.048 28.565 73.108 61.597 11.511

1990 665.340 138.795 516.545 233.944 77.373 205.228 174.174 31.054

2000 1245.459 202.117 1043.342 458.191 124.504 460.647 376.168 84.478

2003 1604.474 237.102 1367.372 612.278 148.159 606.935 496.708 110.227

2005 1834.145 263.801 1570.334 697.243 159.848 713.252 579.054 134.198

2007 2066.324 289.372 1776.952 763.810 179.498 833.644 690.128 143.516

2009 2252.851 299.345 1953.506 801.190 186.090 966.226 853.973 130.254

* Includes Medicaid State Child Health Insurance Program Expansion (CHIP), Department of Defense, Department of Veterans Affairs

** Includes Medicaid, Medicaid State Child Health Insurance Program (CHIP) Expansion

Table 2: Public Program Payments (in million $)

Year Total Federal* State and

Local* Medicare ** Medicaid ***

1970 16.264 13.817 2.447 7.623 5.290

1980 73.108 61.597 11.511 37.387 26.033

1990 205.228 174.174 31.054 110.182 73.661

2000 460.647 376.168 84.478 224.360 200.481

2003 606.935 496.708 110.227 282.440 261.445

2005 713.252 579.054 134.198 339.859 309.550

2007 833.644 690.128 143.516 431.443 326.951

2009 966.226 853.973 130.254 502.289 373.941

* Includes Medicaid State Child Health Insurance Program Expansion (CHIP), Department of Defense, Department of Veterans Affairs

** Subset of Federal funds

*** Subset of Federal and State and Local funds

Note: The public payments numbers in Table 1 and Table 2 do not match as categories of

expenditures are included in Table 1 that are not included in Table 2. Table 2 focuses solely on expenditures for Medicare, Medicaid, and SCHIP.