Fun Facts to Continue Knowing and Telling
March 1, 2011 Fun Facts

I’ve mentioned it several times before, but it bears repeating. In no country in the developed world do “consumers” of health care pay a smaller share of medical expenditures out of pocket than the United States. Or, let me repeat this one more time:

For every $1 spent on health care in the United States, 12 cents comes out of the pocket of consumers.

In other words, 88% of medical spending comes from third parties (and yes, I know that I pay insurance premiums, but that does not mean that the insurance company is not making the payments … think about my incentives to play an extra round of golf when I pay a one-time membership fee at the beginning of the year versus when I pay each time I play).

For those wondering, about half of these third party expenditures are from private insurers and the other half from government payments.

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