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Posted on: September 8, 2022 at 09:33:09 CT
JayHoaxH8r
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Key messages
The United States rank first in the OECD for health care expenditure, but last for coverage.
Health price levels contribute the most to explaining higher spending in the United States, and recent price dynamics largely explain declines in health expenditure growth.
During the period examined in this paper (2000-11), the United States prevented a significant increase in the numbers of uninsured from the economic downturn and population growth; at the same time, health care expenditure growth rates fell in line with those of other high-spending OECD countries.
High and increasing rates of generic drug use, an important shift from inpatient to outpatient hospital care, along with some effective price control measures on plans and providers by Medicare and Medicaid, were among key factors behind the slowdown in health care expenditure growth in the United States.
Further scope exists for improvement, particularly in controlling the main driver of higher health care expenditure in the USA (i.e. health sector prices); the risk that a future sustained economic recovery, and the likely general price increases that would come with it, might offset the gains made in recent years is real, and should be anticipated.