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Healthcare Payments

In 1960, government paid for 25% of all healthcare expenditures in the U.S. Is this figure now higher, lower, or about the same?

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From 1960 to 2024, the portion of U.S. healthcare expenses paid by government increased from 25% to 51%, while the portion paid by private insurance increased from 21% to 31%, and the portion paid directly by consumers decreased from 47% to 11%. This has created a situation where patients have little incentive to choose healthcare providers with competitive prices or avoid unneeded medical services.

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