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Related Experiment Videos

Good health: the generic alternative.

Spencer Johnson1

  • 1sjohnson@mha.org

Michigan Health & Hospitals
|July 31, 2003
PubMed
Summary

US healthcare spending is projected to double by 2011, reaching $3 trillion. This rapid cost growth is unsustainable for health insurance purchasers.

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Area of Science:

  • Health Economics
  • Public Health Policy

Background:

  • Projected doubling of US medical expenditures by 2011 from $1.5 trillion.
  • Current healthcare spending growth rate perceived as unsustainable by purchasers.

Purpose of the Study:

  • To analyze the projected trajectory of US medical expenditures.
  • To contextualize healthcare cost concerns among purchasers.

Main Methods:

  • Analysis of expenditure projections.
  • Assessment of purchaser perceptions.

Main Results:

  • Medical expenditures forecast to reach $3 trillion by 2011.
  • Significant concerns regarding the sustainability of healthcare costs.

Conclusions:

  • The escalating cost of healthcare presents a major economic challenge.
  • Urgent attention is needed to address unsustainable healthcare expenditure growth.