Between 1960 and 2014, did the portion of U.S. healthcare expenses paid by private health insurance plans increase or decrease?
Between 1960 and 2014, the portion of U.S. healthcare expenses paid by private health insurance increased from 21% to 33%. During the same period, the portion paid by government increased from 24% to 49%. Over the past half century, federal laws have increasingly incentivized and subsidized third-party payments for healthcare rather than direct commerce between patients and caregivers. This is a major driver of increasing healthcare costs.
DocumentationThird-Party Healthcare Payments