4% per year for the entire projection period." (Centers for Medicare and Medicaid Services. 2009).
Sources of Funds
The current funding climate on "health spending is fairly evenly split between the private and public sectors, with private health spending accounting for 54% of total health spending in 2007" (Kaiser Family Foundation. March 2009). Taken in totality, health insurance accounts for 71% of all funding sources with a categorical breakdown of: private health insurance at 32% of total spending, Medicare, 20%, Medicaid 15%, and other government programs four percent. Additionally 12% of funds flow from out-of-pocket programs, while other third party and investment programs account for 13%" (Centers for Medicare and Medicaid Services. 2009).
Specifically, hospital care receives its 759.1 billion of spend from 24.4 billion of out-of-pocket expenses, and 669.3 billion of health insurance payments, of which private plans accounted...
Physician and clinical services respectively spent 505.9 billion in 2009 with funding sources of: 47.9 billion out-of-pocket, and 407.3 billion in health insurance, of which 237.7 billion was private insurance, Medicare of 109.4 billion, Medicaid of 39.9 billion, and other insurance programs 20.3 billion; other third parties accounted for 50.6 billion. (Centers for Medicare and Medicaid Services. 2009).
Health Expenditure Trends
The trends in health care spending for hospital care and physician and clinical services have risen in lockstep over the last decades, and are projected to continue their upward trajectory through the coming projected period 2009-2019. Specifically, hospital care has demonstrated a total increase of 27.2 billion dollars spent in 1970 to 759.1
