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
2
Q
Healthcare spending=?
A
Price X Quantity
3
Q
What is healthcare spending paid for?
A
By gov., private insurance, and out of pocket
4
Q
How high is the U.S. health sector?
A
the 5th largest economy
-exceeds Brazil, India, France, UK