Health Care Facts & Figures

Health Insurance Premiums and Coverage

Between 2001 and 2007, health insurance premiums rose 78% while workers’ earnings increased by 19% and the general inflation rate 17%. – Kaiser Family Foundation

The number of lives covered by HSA qualified High-Deductible Health Plans has grown significantly from about 438,000 in September 2004 to an estimated 6.1 million in January 2008 or approximately 3.4% of the private insurance market.  – America’s Health Insurance Plans

Of all individuals enrolled in HSA qualified High-Deductible Health Plans, Minnesota has the highest percentage of enrollees at 9.2 of the state’s total enrollment, followed by Louisiana at 9% and District of Columbia at 8.7%. - America’s Health Insurance Plans

The growth of HSA qualified High-Deductible Health Plans has been fueled by the rising cost of health care coverage. Four out of ten people that purchase a high-deductible health plan don’t open a savings account (they either couldn’t afford it or believed they did not need an account).  - America’s Health Insurance Plans

More than 25% of new enrollees that purchased a high-deductible health plan were previously uninsured. - America ’s Health Insurance Plans

Someone who retires at 65 and lives for 20 years or more could need $84,000 to $164,000 to pay for pay for out-of-pocket health care expenses.  - Employee Benefit Research Institute

Health Care Expenditures

Five percent of individuals make up for roughly 49% of the total health expenditures. - Kaiser Family Foundation

Twenty percent of individuals make up approximately 80% of total expenditures.   - Kaiser Family Foundation

For the average person in all health care spending categories, out-of-pocket expenditures for prescription drugs account for their largest share. - Kaiser Family Foundation

More Americans are worried about their health care costs than about losing their job, paying the rent or mortgage, losing money in the stock market, or being the victim of a terrorist attack. – Kaiser Family Foundation

Since 1970, health care spending has grown at an average annual rate of 9.8%, or about 2.5 percentage points faster than the economy as measured by the GDP.     - Kaiser Family Foundation

Health Care Spending and the Economy

As a share of the economy, health care costs has more than doubled over the past 35 years, rising from 7.2% of GDP in 1970 to 16.0% of GDP in 2005, and is projected to be 20% of GDP in 2015.      -U.S. Department of Commerce

Health care spending increased from $75 billion ($356 per capita) in 1970 to $2.0 trillion in 2005 ($6,697 per capita), and is estimated to reach $4 trillion ($12,320) in 2015.  - U.S. Department of Commerce

In 2003, the United States total health care expenditures per capita was $5,711, compared to Canada at $2,998 – Kaiser Family Foundation

Pharmaceuticals and Medical Technology

Many economists and health policy analysts argue that the development and adoption of new medical technology (e.g., drugs, devises, treatments and techniques) is responsible for a substantial portion of the growth in health expenditures - Kaiser Family Foundation

Americans love the products that pharmaceutical companies produce, but they are less favorable towards the companies themselves, mainly because they feel they are getting ripped off by high prices driven by high drug company profits. – Harvard School of Public Health

Ninety-one percent of Americans have seen or heard prescription drug ads, and nearly a third has talked to a doctor about a prescription drug they saw advertised. Of these, eight-two percent received a prescription for the drug they asked about and/or another drug. – Harvard School of Public Health

Although pharmaceutical companies are seen as playing the biggest role currently in researching and developing new drugs, the public is split when it comes to who should be primarily responsible for developing new drugs. – Harvard School of Public Health