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The Rise of Health Care Costs in America

Timeline created by rains_uncch in Business
Event Date: Event Title: Event Description:
Doctor%20xray small square Healthcare Spending 5.2% GDP In 1960 US Healthcare spending was 5.2% of Gross Domestic Product (GDP) http://facts.kff.org/chart.aspx?ch=202
Emergency small square Healthcare Spending 7.2% GDP In 1970, the percentage of the Gross Domestic Product spend on healthcare was 7.2%
Hurt%20foot small square Healthcare Spending 9.2% GDP In 1980 US Healthcare spending rose to 9.2% of GDP
Doctor%20and%20newborn small square Healthcare Spending 12.5% of GDP By 1990 US spends 12.5% of GDP on healthcare
Asthma%20kid small square Healthcare Spending 13.8% GDP Healthcare spending by 2000 is 13.8% of US GDP
Family%20of%204%20cauc%20beach%20soccer small square $9,235 Medical Costs Family of 4 Milliman reports total medical costs for a typical American family of four is $9,235
Family%20of%206%20indian small square $10,168 Medical Costs Family of 4 Milliman reports the 2003 total medical costs for a typical American family of four is $10,168
Older%20man%20blood%20pressure small square Healthcare Spending 16% GDP Kaiser Foundation Healthcare spending and GDPUS Healthcare spending was 16.0% of GDP
Family%20of%204%20muslim small square $11,192 Medical Cost Family of 4 Milliman Medical Index reports the average American Family of four spent $11,162 on healthcare in 2004.
Family%20of%204%20latino small square $12,214 Medical Costs Family of 4 Milliman reports total medical costs for a typical American Family of four is $12,214
New%20born%20check%20up small square Healthcare 16.1% GDP Kaiser Healthcare Spending GDPIn 2006 US Health care spending was 16.1% of GDP
Family%20of%204%20football%20hispanic small square $13,382 Medical Costs Family of 4 Total medical costs for a typical American family of four in 2006 was $13,382 (Milliman)
Family%20of%20four%20african small square $14,500 Medical Costs Family of 4 Total medical costs for a typical American family of four in 2007 was $14,500 as reported by Milliman
Sick%20woman small square Healthcare spending 16.5% GDP Kaiser Family Foundation HealthcareUS Healthcare spending was 16.6% of GDP per Kaiser Family Foundation health care facts
Family%20of%204%20asian small square $15,609 Medical Costs Family of 4 Total medical costs for a typical American familiy of four in 2008 is $15,609 (Milliman)
Family%20of%204%20black small square $16,771 Medical Costs for Family of 4 Total medical costs for a typical American family of four $16,771 (Milliman)
Wheelchair small square Healthcare Spending 17.6% GDP Kaiser Healthcare FactsBy 2009 US Healthcare spending was 17.6% of GDP as reported by Kaiser Family Foundation
Health%20expend%20gdp%201960 2009 small square Health Expenditures and GDP 1960 - 2009 Kaiser Family Foundation – National Health Expenditures and their share of GDP 1960 – 2009 http://facts.kff.org/chart.aspx?ch=202
Family%20of%204%20picnic%20dark%20cauc small square $18,074 Medical Cost Family of 4 Milliman Report Rising Medical costsTotal meedical cost for a typical American family of four $18,074 Source: Milliman Report on Rising Medical Costs
Average%20annual%20family%20medical%20cost%202005%20 %202009 small square Average Family Medical Costs Milliman Medical Index Average health care costs for family of 4, 2005 - 2009
Pig small square Health Care GDP Projection 2019 NHEBy 2019 national health spending is expected to reach 19.3% GDP. Source: U.S. Department of Health and Human Services
Gdp%20long%20term%20projections%20final small square Projected Healthcare Spending %GDP CBO Projected Costs%GDPGraph of projected healthcare spending from the Congressional Budget Office showing increases from 2007 - 2082
High%20tech%20heart small square Healthcare GDP Projection 25% Non-Partisan Congressional Budget Office assessment of long term healthcare costs predits the share of GDP devoted to healthcare will be 25%
High%20tech%20shoulder small square 2050 Healthcare GDP Projection 37% Non-Partisan Congressional Budget Office assessment of long term healthcare costs predits the share of GDP devoted to healthcare will be 37%
High%20tech%20brain small square Healthcare GDP Projection 49% Non-Partisan Congressional Budget Office (CBO) assessment of long term healthcare costs predicts the share of GDP devoted to healthcare will be 49%
Timespan Dates: Timespan Title: Timespan Description:

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Healthcare Expenditures % GDP Health Expenditures % GDP 1960-2009 According to Kaiser Family Foundation, in 2005 the U.S. spent $2 trillion on health care, which is 16 percent of GDP. Health care costs have grown on average 2.5 percentage points faster than U.S. gross domestic products since 1970.

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The Rise of Medical Costs for Families The Rise of Medical CostsRedirect&utm_source=milliman&utm_medium=web&utm_content=mmi/pdfs/milliman-medical-index-2010.pdf' >Milliman Medical Index 2010 Milliman Medical Index reports total medical costs for a typical American family of four rose from $9,235 in 2002 to $18,074 in 2010.

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Projections of Healthcare as % GDP The Long Term Outlook of Healthcare Spending Non-Partison Congressional Budget Office assessment of long term healthcare costs predicts the share of GDP devoted to healthcare will increase to 49% by 2082. The Congressional Budget Office