Infographic: Key lessons from nearly 25 years of analyzing ...€¦ · Title: Infographic: Key...
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Key lessons from nearly 25 years of analyzing health care spending in Minnesota 1. Despite ongoing attempts to limit health care spending growth, it continues unabated. 2. Health care spending growth outpaces income growth, economic progress, and inflation. $9,028 WAS SPENT PER PERSON IN 2017 HOSPITAL SPENDING WAS RESPONSIBLE FOR 2/5 OF 2017 SPENDING GROWTH LONG-TERM CARE COST ARE MAINLY ATTRIBUTABLE TO MEDICAID AND OUT OF POCKET OVER THE PAST 20 YEARS Individuals paid more of the costs through premiums and out of pocket 2X INCREASE IN 4.5X INCREASE IN PRIVATE HEALTH INDIVIDUAL COSTS INSURANCE SPENDING For additional information and the complete report, please visit the Minnesota Department of Health, Health Economics website at www.health.mn.gov/data/economics Source: MDH Health Economics Program. Individuals' estimated costs, including cost-sharing and enrollee premiums, are based on health plan reports for the Minnesota fully- insured commercial market between 1998 and 2017. All other data reported in this infographic is based on total health care spending for Minnesota residents.
Transcript of Infographic: Key lessons from nearly 25 years of analyzing ...€¦ · Title: Infographic: Key...
Key lessons from nearly 25 years of analyzing health care spending in Minnesota 1. Despite ongoing
attempts to limit healthcare spending growth, itcontinues unabated.
2. Health care spendinggrowth outpaces incomegrowth, economicprogress, and inflation.
$9,028 WAS SPENT PER PERSON
IN 2017
HOSPITAL SPENDING WAS RESPONSIBLE FOR 2/5 OF 2017
SPENDING GROWTH
LONG-TERM CARE COST ARE MAINLY ATTRIBUTABLE TO
MEDICAID AND OUT OF POCKET
OVER THE PAST 20 YEARS
Individuals paid more of the costs through premiums and out of pocket
2X INCREASE IN 4.5X INCREASE INPRIVATE HEALTH INDIVIDUAL COSTS INSURANCE SPENDING
For additional information and the complete report, please visit the Minnesota Department of Health, Health Economics website at www.health.mn.gov/data/economics
Source: MDH Health Economics Program.Individuals' estimated costs, including cost-sharing and enrollee premiums, are based on health plan reports for the Minnesota fully-insured commercial market between 1998 and 2017. All other data reported in this infographic is based on total health care spending for Minnesota residents.
