3 top drivers of healthcare spending in the US

The U.S. spent almost two times as much per capita on health care as similar countries in 2018, according to a recently launched Peterson-Kaiser Tracker analysis..

Here are 3 of the leading drivers of U.S. health care costs, according to the analysis..

1. Outpatient and inpatient care was the biggest category of healthcare spending in both the U.S. and similar nations. This category consists of payments to hospitals, physicians and clinics. Americans spent $6,624 per person on inpatient and outpatient care while similar nations invested $2,718 on average..

2. Prescription drugs cost more in the U.S. than in comparable nations, according to the analysis. The U.S. spent $1,397 per capita on prescription drugs and other medical products in 2018, and similar countries spent $885 per capita on average..

3. Investing on health administration was four times more per individual in the U.S than in similar nations. For the analysis, administrative costs consisted of costs on overhead from insurance providers and running governmental health programs but left out administrative expenditures from health care service providers..

© Copyright ASC COMMUNICATIONS 2020. Intrigued in LINKING to or REPRINTING this material? View our policies by clicking here.

Inpatient and outpatient care was the biggest classification of health care spending in both the U.S. and equivalent countries. Prescription drugs cost more in the U.S. than in comparable countries, according to the analysis. Spending on health administration was 4 times more per individual in the U.S than in similar nations.

Check out the full analysis here..

More articles on health care finance: OIG tags Arizona hospital for incorrect billingChicago hospital beats allegations of ghost payroll schemeHouse releases $2.2 trillion COVID-19 relief expense: 4 things to understand.