U.S Healthcare Spending & history of healthcare reform Flashcards

1
Q

What does health care spending represent?

A

healthcare services and the quantity of healthcare services consumed

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2
Q

Healthcare spending=?

A

Price X Quantity

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3
Q

What is healthcare spending paid for?

A

By gov., private insurance, and out of pocket

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4
Q

How high is the U.S. health sector?

A

the 5th largest economy

-exceeds Brazil, India, France, UK

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