Assignment 2 Funding The Rising Cost Of U.S. Health Care(USE AS GUIDE ONLY)

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Running Head: FUNDING THE RISING COST OF U.S. HEALTH CARE
Funding The Rising Cost Of U.S. Health Care
FUNDING THE RISING COST OF U.S. HEALTH CARE
2
FUNDING THE RISING COST OF U.S. HEALTH CARE
The US health care sector takes up more than a sixth of the economy. Currently, it
accounts for 18% of the GDP. By 2021, it’s estimated that health care will be nearly 20% of the
GDP and 34% by 2040. According to the CDC, In 2007, the national health care expenditures in
the United States totaled $2.2 trillion or 16% of its gross domestic product, a 14% increase from
2000. This represents an average of more than $7,400 per person. Measured up to other
developed countries, the US is the biggest spender in the health care sector.
The growing cost of health care is not sustainable. The growth in the cost of health care
has negative effects on the economy in my opinion. According to ASPE (2005), this rise in
healthcare costs affect employment, GDP and inflation. The increase in health care costs might

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Course: Assignment 2 Funding The Rising Cost Of U.S. Health Care(USE AS GUIDE ONLY)
Subject: Assignment 2 Funding The Rising Cost Of U.S. Health Care(USE AS GUIDE ONLY)
Subject code: Assignment 2 Funding The Rising Cost Of U.S. Health Care(USE AS GUIDE ONLY)
Year of study: 17-18
Document
Section: Homework & Assignments
Made on: 28-01-2020
Type: .pdf
Pages: 8
Language: English
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Assignment 2 Funding The Rising Cost Of U.S. Health Care(USE AS GUIDE ONLY)