Healthcare Industry Statistics: Expenditure & Workforce Overview
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The U.S. healthcare industry is one of the largest and most complex in the world, with spending on healthcare accounting for a significant portion of the country's GDP. The industry is constantly evolving and has experienced several major changes in recent years, including the implementation of the Affordable Care Act.
Top 12 Healthcare Industry Statistics
- The United States spends more on healthcare per capita than any other country in the world, with an estimated expenditure of $3.8 trillion in 2019.
- In 2018, healthcare spending accounted for 17.7% of the U.S. GDP.
- The U.S. healthcare industry is expected to grow to $6.2 trillion by 2028.
- In 2019, there were approximately 18 million healthcare workers in the U.S.
- The number of healthcare workers is projected to grow by 15% from 2019 to 2029.
- The number of uninsured individuals in the U.S. decreased from 44 million in 2013 to 26 million in 2019.
- The percentage of Americans with employer-sponsored health insurance decreased from 69% in 2000 to 55% in 2019.
- Medicare, the federal health insurance program for people over 65, covered 61 million people in 2019.
- Medicaid, the joint federal and state health insurance program for low-income individuals, covered 72 million people in 2019.
- The cost of prescription drugs in the U.S. is higher than any other country in the world.
- The U.S. has a higher infant mortality rate and a lower life expectancy than most other developed countries.
- Chronic diseases, such as heart disease and diabetes, are responsible for 7 out of 10 deaths in the U.S.
Overview of the U.S. Healthcare Industry: Important Statistics
- In 2018, healthcare spending in the U.S. was more than double the average spending of other developed countries.
- The U.S. has fewer hospital beds per capita than most other developed countries.
- Over 40 million Americans live in areas that are designated as primary care shortage areas.
- Approximately 20% of adults in the U.S. have a mental health condition.
- In 2019, there were over 1 million hospital beds in the U.S.
Facts and Figures on Healthcare Spending
- The U.S. has the highest healthcare expenditure per capita in the world.
- In 2019, the U.S. spent an average of $11,582 per person on healthcare.
- Hospital care accounted for the largest share of healthcare spending in 2018, at 33%.
- In 2019, it was estimated that the U.S. spent $3.8 trillion on healthcare, which accounted for 17.7% of the country's GD
- Physician and clinical services accounted for the second-largest share of healthcare spending in 2018, at 20%.
- Prescription drugs accounted for 10% of healthcare spending in 2018.
- The cost of healthcare services has been increasing faster than inflation over the past decade.
- Healthcare spending is projected to continue growing faster than GDP growth over the next decade.
- Healthcare expenditure is projected to increase to $6.2 trillion by 2028.
- Factors contributing to high healthcare expenditure include an aging population, advancements in medical technology, and the high cost of prescription drugs.
Healthcare Costs Statistics
- In 2020, the average annual premium for employer-sponsored health insurance was $7,470 for single coverage and $21,342 for family coverage.
- The average deductible for individual plans was $4,364 in 2020.
- Approximately 1 in 4 Americans struggle to pay their medical bills.
- The cost of healthcare services can vary greatly depending on location and facility. For example, the average cost of a routine vaginal delivery can range from $2,244 to $12,000 depending on the hospital.
- Prescription drug costs continue to rise, with the average annual cost of specialty drugs reaching over $79,000 in 2017.
Rising Costs of Healthcare Services
- The cost of healthcare services has been increasing faster than inflation over the past decade, with an average annual increase of 3.6% from 2009 to 2019.
- In 2018, the average cost of a hospital stay in the U.S. was $15,734.
- The average cost of a routine office visit with a primary care physician was $125 in 2020.
- The average cost of an emergency room visit without insurance was $1,389 in 2017.
- In 2020, the average cost of a dental check-up without insurance was $288.
- The average cost of an ambulance ride in the U.S. is approximately $1,000.
Health Outcomes Statistics
- The U.S. has a higher infant mortality rate than most other developed countries, with a rate of 5.8 deaths per 1,000 live births in 2018.
- Life expectancy in the U.S. is lower than most other developed countries, with an average life expectancy of 78.9 years in 2020.
- Chronic diseases are responsible for a significant portion of deaths in the U.S., with heart disease and cancer being the leading causes of death.
- Mental health conditions are prevalent in the U.S., with approximately 20% of adults experiencing some form of mental illness each year.
- Health disparities exist among different racial and ethnic groups in the U.S., with higher rates of certain health conditions such as diabetes and obesity among minority populations.
Most Expensive Health Conditions in the U.S.
- The cost of treating cancer in the U.S. is estimated to be over $150 billion annually, making it one of the most expensive health conditions.
- Heart disease and stroke are also among the most expensive health conditions, with an estimated annual cost of $219 billion.
- Mental illness is another costly health condition, with an estimated cost of $193 billion per year.
- Diabetes is responsible for a significant portion of healthcare spending, with an estimated annual cost of $327 billion.
- Chronic respiratory diseases, such as asthma and COPD, have an annual cost of approximately $77 billion.
Healthcare Insurance Industry Figures
- 55% of Americans had employer-sponsored health insurance in 2019.
- In 2019, there were approximately 30 million uninsured individuals in the U.S.
- Medicaid, the joint federal and state health insurance program for low-income individuals, covered 72 million people in 2019.
- Medicare, the federal health insurance program for people over 65, covered 61 million people in 2019.
- In 2020, the average annual premium for employer-sponsored family coverage was $21,342.
- The Affordable Care Act reduced the number of uninsured individuals by approximately 20 million between 2010 and 2016.
US Healthcare Industry Size
- The U.S. healthcare industry is one of the largest in the world, with an estimated size of $3.8 trillion in 2019.
- The healthcare industry employs over 18 million people in the U.S., making it one of the largest employers in the country.
- In 2019, hospitals accounted for approximately 33% of healthcare spending, followed by physician and clinical services at 20%.
- The healthcare industry is expected to continue growing, with a projected size of $6.2 trillion by 2028.
US Healthcare Sectors Statistics
- The hospital sector is the largest employer in the healthcare industry, with over 5 million employees in 2019. (Source: Bureau of Labor Statistics)
- In 2018, hospitals accounted for over 33% of healthcare spending in the U.S. (Source: Centers for Medicare & Medicaid Services)
- The pharmaceutical and medical device manufacturing sector employed over 800,000 people in the U.S. in 2019. (Source: SelectUSA)
- In 2020, the top-selling prescription drug in the U.S. was Humira, which generated over $19 billion in sales. (Source: Statista)
- The home health and hospice care sector employed over 1.6 million people in the U.S. in 2019. (Source: Bureau of Labor Statistics)
- In 2018, retail prescription drug spending totaled $335 billion in the U.S., accounting for approximately 10% of total healthcare expenditures. (Source: Centers for Medicare & Medicaid Services)
Healthcare Workforce Statistics
- In 2019, there were approximately 18 million healthcare workers in the U.S.
- Registered nurses (RNs) make up the largest occupation in the healthcare industry, with over 3 million employed in 2019.
- The number of healthcare workers is projected to grow by 15% from 2019 to 2029.
- Over half of all healthcare workers are employed in hospitals, with approximately 33% working in ambulatory healthcare services such as physician offices and outpatient care centers.
- The median annual wage for healthcare practitioners and technical occupations was $68,190 in May 2019.
Healthcare Workforce Roles and Wages Statistics
- The healthcare industry is one of the largest employers in the United States, with over 18 million workers in 2019.
- Registered nurses (RNs) make up the largest occupation in the healthcare industry, with over 3 million employed in 2019. The median annual wage for RNs was $73,300 in May 2019.
- Physicians and surgeons are among the highest-paid healthcare professionals, with a median annual wage of $206,500 in May 2019. However, they also require a significant amount of education and training.
- Other high-paying healthcare occupations include dentists ($159,200), pharmacists ($128,090), and nurse anesthetists ($174,790).
- Healthcare support occupations such as nursing assistants and home health aides have lower wages but are still an important part of the healthcare workforce. In May 2019, nursing assistants had a median annual wage of $29,640 while home health aides had a median annual wage of $25,280.
- In order to address shortages in certain areas of the healthcare workforce such as primary care providers and mental health professionals, some states have implemented programs to provide loan repayment or other incentives for individuals who work in these fields.
Summary
- Healthcare spending in the U.S. was more than double the average spending of other developed countries in 2018.
- The U.S. has fewer hospital beds per capita than most other developed countries and over 40 million Americans live in areas designated as primary care shortage areas.
- In 2019, the U.S. spent an average of $11,582 per person on healthcare, making it the highest healthcare expenditure per capita in the world.
- Hospital care accounted for the largest share of healthcare spending in 2018 at 33%, followed by physician and clinical services at 20% and prescription drugs at 10%.
- Approximately one in four Americans struggle to pay their medical bills, and costs can vary greatly depending on location and facility.
- The cost of treating cancer is estimated to be over $150 billion annually, making it one of the most expensive health conditions along with heart disease, stroke, mental illness, and diabetes.
- The healthcare industry is one of the largest employers in the U.S., with over 18 million workers in 2019. Registered nurses make up the largest occupation with physicians and surgeons among the highest-paid healthcare professionals.Overall, while the U.S. has a large and growing healthcare industry, there are significant challenges related to high costs, access to care, health outcomes disparities among different populations, and shortages in certain areas of healthcare workforce such as primary care providers.
Sources
- CDC National Center for Health Statistics. (2020). Infant mortality rates by race and Hispanic origin: United States, 2000–2018.
- World Bank Data. (n.d.). Life expectancy at birth, total (years) - United States | Data.
- Centers for Disease Control and Prevention. (2019). Leading Causes of Death.
- Substance Abuse and Mental Health Services Administration. (2019). Key substance use and mental health indicators in the United States: Results from the 2018 National Survey on Drug Use and Health.
- National Institute on Minority Health and Health Disparities. (2020). Health disparities.
- Centers for Medicare & Medicaid Services. National Health Expenditure Data.
- Bureau of Labor Statistics. Healthcare Occupations.
- Kaiser Family Foundation. Health Insurance Coverage of the Total Population.
- Commonwealth Fund. "How Has the Affordable Care Act Improved Americans' Health?"
- eHealth. "2019 Obamacare Open Enrollment Report."
- Health Affairs. "Hospital Prices Grew Substantially Faster Than Physician Prices For Hospital-Based Care In 2007–14."
- AARP Public Policy Institute. "Rx Price Watch Report."
- SelectUSA - Health Care Industry in the United States.
- Statista - Top Selling Drugs of Pharmaceutical Company Humira by Revenue.
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Pediatric Asthma Care Programs That Make a Difference
July 18, 2024
Discover effective pediatric asthma care programs, from diagnosis to treatment, for your child's success.
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Community Support for Kids Battling Asthma
July 18, 2024
Discover community support for kids with asthma in NY—enhancing care, school programs, and resources.
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Best Practices for Children's Asthma Management at Home
July 18, 2024
Master children's asthma management at home with strategies on triggers, school challenges, and emergencies.
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Effective Home Treatments for Childhood Asthma
July 18, 2024
Explore effective home treatments for childhood asthma, from natural therapies to allergy control.
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Expert Advice for Managing Children's Asthma With Home Care
July 18, 2024
Gain expert insights on managing asthma in children with home care. Empower your family today!
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Essential Steps in Heart Condition Rehabilitation for Kids
July 18, 2024
Empower your child's heart health journey with our guide on heart condition rehabilitation for kids.
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Finding Autism and Mental Health Support for Kids in New York
July 18, 2024
Empower your parenting with our guide on autism and mental health support for kids in New York.
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Specialized Therapy for Autism with Health Conditions
July 18, 2024
Discover specialized therapy for autism with health conditions, transforming lives for New York families.
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Home-Based Support for Fragile Children with Autism
July 18, 2024
Exploring home-based support for fragile children with autism. Empower your child's journey with tailored guidance.
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Integrated Autism and Mental Health Services
July 18, 2024
Explore integrated autism and mental health services, breaking barriers for quality care access.
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Comprehensive Care for Medically Fragile Children with Autism
July 18, 2024
Explore comprehensive care for medically fragile children with autism and learn to support their unique needs.
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Empowering Kids with Bullying Support
July 18, 2024
Empower your kids with bullying support strategies, understand the signs, and prevent long-term effects.
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Community Prevention Programs Against Bullying:
July 18, 2024
Explore effective community bullying prevention programs, their strategies, and success in combating bullying.
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Supporting Recovery from Bullying at Home
July 18, 2024
Discover strategies for recovering from bullying at home, empowering victims, and creating a safe haven.
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Bullying Victims At-Home Therapy Strategies
July 18, 2024
Empower bullying victims with at-home therapy strategies. Transform trauma into strength and resilience.
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Managing Bullying Effects at Home
July 18, 2024
Explore strategies for managing bullying effects at home and resources for creating a safe haven.
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Overcoming School Refusal in Children at Home
July 18, 2024
Explore strategies for overcoming school refusal in children at home, from therapy to morning routines.
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School RefusalCommunity Resources for Support
July 18, 2024
Explore community school refusal support programs and effective strategies to help your child thrive.
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How to Help a Child Overcome School Refusal
July 18, 2024
Discover how to help a child overcome school refusal with effective treatments and supportive strategies.
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Overcoming School Refusal with Effective Management
July 18, 2024
Unlock strategies for managing school refusal - from home interventions to anxiety relief techniques.
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School Anxiety and Refusal: Symptoms & Interventions
July 18, 2024
Discover insights on school anxiety and refusal, learn to recognize symptoms, and explore effective interventions.
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Pediatric Cardiology Resources For Families in New York
July 15, 2024
Discover pediatric cardiology resources for families in New York, empowering you with knowledge and support.
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How to Support Children with Heart Conditions
July 15, 2024
Navigate strategies for supporting children with heart conditions, from diagnosis to lifelong care.
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Community Cardiology Services for Kids in New York
July 15, 2024
Explore community cardiology services for kids in NY, helping build strong hearts with early detection and care.
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What is a Pediatric Cardiology?
July 15, 2024
Uncover what is a pediatric cardiology? Learn about child heart conditions and expert care in New York.
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Insights into Pediatric Heart Conditions
July 15, 2024
Navigate through pediatric heart conditions with expert insights - from diagnosis to long-term care.
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Respite Care for Children with Special Needs
July 8, 2024
Explore respite care for children with special needs, from access to benefits, offering a lifeline for caregivers.
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Is There a Cure for Sickle Cell Anemia?
July 8, 2024
Explore advancements towards curing sickle cell anemia, from gene therapy to FDA-approved treatments.
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Impulse Control Disorders in Children
July 8, 2024
Conquer impulse control disorders in children with effective strategies and professional help. Get the support your child needs now!
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Impulse Control Disorders and Substance Abuse: Exploring the Relationship
July 8, 2024
Unveiling the link between impulse control disorders and substance abuse. Discover the hidden dangers and find support for parents.
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How to Treat High Blood Pressure in Teenager
July 8, 2024
Learn effective strategies to manage high blood pressure in teenagers, promoting healthier lifestyles and better long-term health.
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How to Treat High Blood Pressure in Children?
July 8, 2024
Master strategies to treat high blood pressure in children through balanced diet, regular exercise, and medical interventions.
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How to Teach a Child with Intellectual Disability to Read
July 8, 2024
Explore strategies on how to teach a child with intellectual disability to read. Empower minds today!
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How To Support Teens During Major Life Transitions
July 8, 2024
Learn how to support teens during major life transitions with effective tools and strategies, promoting resilience and positive growth.
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How To Support A Teen With Social Anxiety
July 8, 2024
Learn how to support a teen with social anxiety, from treatment options to creating supportive environments.
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How To Support A Teen With Learning Disabilities
July 8, 2024
Discover how to support a teen with learning disabilities: from early intervention to empowering tools.
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How to Support a Teen with ADHD: A Guide
July 8, 2024
Learn how to support a teen with ADHD through academic strategies, fostering independence, and promoting a healthy lifestyle.
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How to Obtain Respite Care For Your Child's Wellbeing
July 8, 2024
Learn how to get respite care for your child, ensuring their wellbeing and giving you peace of mind through reliable care services.
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How To Help Teens Manage Academic Pressure
July 8, 2024
Empower teens to manage academic pressure with effective strategies for stress reduction and self-care.
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How To Help Teens Develop Healthy Relationships
July 8, 2024
Learn how to help teens develop healthy relationships, from nurturing friendships to handling digital influences.
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How To Help Teens Develop Healthy Coping Mechanisms
July 8, 2024
Empower teens with healthy coping mechanisms. Harness their inner strength and conquer stress wisely with effective strategies and support.
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How To Help Teens Develop A Healthy Self-esteem
July 8, 2024
Learn how to help teens build a healthy self-esteem. Nurture strength and resilience for lifelong confidence.
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How To Handle Substance Abuse In Teens
July 8, 2024
Learn how to handle substance abuse in teens: from recognizing signs to exploring effective interventions.
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How to Get Respite Care for My Child?
July 8, 2024
Learn how to get respite care for your child, explore financial aid options, and locate trusted services to support your family.
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How to Get Health Insurance for Your Child with Autism?
July 8, 2024
Navigate steps to secure health insurance for your child with autism, ensuring comprehensive coverage and effective care plans.
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How To Foster Positive Body Image In Adolescents
July 8, 2024
Explore how to foster positive body image in adolescents, from mental well-being to social influences.
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How to Create a Safe Space for Teens to Express Their Emotions
July 8, 2024
Learn how to create a safe space for teens to express emotions, using trust, dialogue, and technology.
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How to Become a Respite Caregiver for ASD
July 8, 2024
Discover how to become a respite caregiver for ASD, join a rewarding field and make a real difference.
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How to Become a HCBS Provider in NY
July 8, 2024
Learn how to become an HCBS provider in NY, from Medicaid enrollment to maintaining compliance and providing high-quality care.