Healthcare Finance in the United States
The government of the United starts contributes almost 29% of its budget to the Insurance of Medicare and Medicaid programs per annum. The percentage of GDP in these healthcare services is almost about $53 million for government officers, $178 million for employees of various companies, and $15 million for military people. Those people who have no governmental insurance purchase these insurance from Private companies that provide insurance. The insurance p; copies of the United States of America ranked higher than any other countries of the OECD. According to Service in 2015, the total GDP for insurance in America was almost, 16.9% which is much higher than any other country in the world but later this percentage increased to 29% and this service is one of the best services provided by the US government.
Rate of Increased insurance
According to a report that was published by CMS in 20133, the rate of increase in health insurance gradually increased after 2000 up to 5.4% annually, and now; most people in the United States have Health insurance.
Per capita
According to a report published by the Centre of Medicare and Medicaid Services of the United States of America (CMS), their total assets for American insurance services increased up to $3.2 trillion, and after that, all Americans enjoy insurance services of almost $9,990 per person.
Compare to Other countries
U.S. healthcare budget is much higher than any other country according to a report by CMS in 2015, its percentage is almost 16.9% and reached up to $19 trillion which means each person can enjoy up to $10,000 healthcare facilities and a huge amount as compared to any other country. Like other worlds, the maximum provides $3,000 per person as health insurance aid.
