Institute: ONC | Component: 1 | Unit: 4 | Lecture: b | Slide: 11
Institute:Office of National Coordinator (ONC) Workforce Training Curriculum
Component:Introduction to Health Care and Public Health in the U.S.
Unit:Financing Health Care - Part 1
Lecture:The role of health care in the U.S. economy
Slide content:National Health Care Spending 2013 Gross Domestic Product (GDP): 17.35T National Health Spending: $3.0T A s a percentage of GDP: 17.5% Per capita cost: $9,255 Projected spending as a percentage of GDP (2024): 19.6% 11
Slide notes:The GDP is a measure of the U.S. economy that reflects the market value of all goods and services produced in a given period of time. It indicates how fast or slow the economy is growing year to year, and allows comparison of the U.S. economy to the economies of other countries. In 2013, the U.S. GDP was just over seventeen trillion dollars. Approximately three trillion dollars, or seventeen point five percent of GDP was spent on health care, the highest worldwide. This translates into a per capita value of more than nine thousand dollars. It is projected that by 2024, spending will approach nineteen point six percent of GDP, or one out of every five dollars spent in the U.S. economy. 11