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Compare the distribution of healthcare expenses for 2017.

2 min read
Posted on 
May 21st, 2023
Home Homework Help Compare the distribution of healthcare expenses for 2017.
In 2017, the distribution of healthcare expenses in the US varied greatly depending on a person’s individual circumstances. A study conducted by the Centers for Medicare & Medicaid Services (CMS), found that those who had private health insurance paid an average of $5,000 per person for their medical expenses, while those without coverage contributed only $3,414 towards total healthcare costs. It is possible to attribute this difference both to the out-ofpocket costs and higher premiums for private health plans.

CMS reported as well that Medicaid and other government-funded programs covered 27% of the total cost for healthcare, with an additional 13% coming from individuals through their copays or deductables. The numbers show how essential it is that individuals have health insurance if they want to receive quality healthcare at an affordable price. These figures show that the majority of total cost increases are due to out-of pocket spending. This is mainly because people were uninsured.

Overall, this data shows us just how essential it is for all citizens — regardless of income level —to have access necessary treatment and resources so they can lead healthy lives. Financial burden can become a major factor in medical decisions if coverage is not sufficient. This could put people’s lives at risk.

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