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U.S. spends $2.8 trillion, or 17.2 percent of its gross national product, on healthcare

The cost of U.S. healthcare comes down to about $9,000 per person.
By Alex Cukan   |   May 30, 2014 at 5:58 PM   |   Comments

| License Photo
LAYTON The United States spends 17.2 percent of its gross national product, or $2.8 trillion on healthcare.

Med-Certification, a provider of online medical career training and certification, broke down U.S. healthcare figures and found the cost of healthcare comes down to about $9,000 per person.

Of the $2.8 trillion total cost for U.S. healthcare $882 billion went to hospitals, $565 billion went to physicians, $263.3 billion went for prescription drugs and $76.4 million went for other professional services such as physical therapy, optometry or chiropractic care.

The federal government covered 26 percent of medical costs, with Medicaid covering $421.2 billion, Medicare cost $572.5 billion and $917 billion went to private health insurance companies.

Patients paid $328.2 billion in out-of-pocket costs on their health insurance plans.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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