RSSPer Capita National Health Expenditure by Source of Funds 2002 – 2006
Note: CMS defines each as follows: Out-of-pocket payments includes direct spending by consumers for all healthcare goods and services, including coinsurance, deductibles and any amounts not covered by insurance. Private health insurance equals premiums earned by private health insurers, including premiums paid to BCBS, commercial insurance, HMOs, self-insured plans and property/casualty insurance coverage for healthcare. Public payments are payments made by Federal, State and Local governments. Other private funds are funds received through philanthropic support, as well as income from the operation of gift shops, cafeterias, parking lots and educational programs.
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June 26th, 2008 at 3:17 pm
In inflation-adjusted dollars, public and private insurance payments increased by about 6.5% per year from 2000 to 2006. Out of pocket and other private payments only increased 3.7% and 2.3% per year, respectively. Is it possible that the larger increases in insurance payments are due to the moral hazard inherent in the third-party billing system? In other words, if I’m not paying for the treatment, I’ll tend to let doctors run tests and perform procedures that I would otherwise forego.