Institute: ONC | Component: 1 | Unit: 1 | Lecture: c | Slide: 5
Institute:Office of National Coordinator (ONC) Workforce Training Curriculum
Component:Introduction to Health Care and Public Health in the U.S.
Unit:Introduction and History of Modern Health Care in the U.S.
Lecture:Core Values and Paradigm Shifts in U.S. Health Care
Slide content:Cost of Health Care Options for financing health care Taxation or general revenue Social health insurance Voluntary or private health insurance Out-of-pocket payments Internal donations Health care expenditure 1980: $253 billion 1990: $714 billion 2015: $3.2 trillion 5
Slide notes:When we look at the cost of health care, there are five general options for financing health care. The first is taxation or general revenue. The second is to have a system or some form of social health insurance that will finance health care. The third is to have voluntary or private health insurance. The fourth option is out-of-pocket payments that patients will make in order to take care of their illnesses. And the fifth is internal donations which may come from communities, organizations, or professional societies. But the fact of the matter is that health care expenditure has increased dramatically in the last few decades. In the United States, health care expenditure was 253 billion dollars in 1980 and increased to 714 billion dollars in 1990. By 2015, it increased to 3.2 trillion dollars, which was nearly 18 percent of gross domestic product, or GDP, and $10,125 per capita . Were spending sixteen percent of our GDP on health care. There is definitely a need for cost containment, and this has been one of the driving forces, one of the core values, in U.S. health care today. 5