Other categories that reported slower growth include: physician and clinical services, home health care, and other professional services.
Regarding prescription drug spending, the value increased 5.8%. For the previous year, the increase was of 8.6%. The reason for this category's evolution is Medicare drug spending significant deceleration, along with generic drugs increased use. Use of brand name drugs was slowed down by a proliferation of tiered-copayment benefit plans. Also, the number of new drugs introduced on the market was lower than previous years. However, out-of-pocket spending for drugs has increased higher than private health insurance spending has.
Hospital spending is probably the most important category of national health care expenditures, as it represents almost one third of total health care spending, and 31% of national health expenditures. Hospital spending has increased 7.9% in 2005, the same value reported for the previous year. Hospital spending by private payers increased 7.6%, while hospital spending by public payers increased 8.1%.
The physician and clinical services category decelerated from 7.4% increase in 2004 to 7% increase in 2005. In addition to this, public spending growth decelerated from 9.1% in 2004 to 8.1% in 2005. This situation was determined by Medicaid spending deceleration regarding physician and clinical services mentioned above, and also Medicare deceleration in the same category of expenditures.
One of the categories that increased in 2005 is represented by nursing home. The increase was of 6%. Approximately 44% of skilled nursing facilities funding is covered by Medicaid, whose spending for nursing home services increased 3.9%.
However, the fastest growing category is represented by home health spending that increased 11%. Home health services public spending that accounts for approximately 75% of such spending increased 12.4%. Medicare that pays for approximately 37.7% of home health care service increased 10.7% (CMS, 2007).
Health care spending is expected to remain at a constant value of 16% of GDP. However, by 2016, health care spending is expected to reach $4.1 trillion and 19.6% of GDP (CMS, 2007). The following table presents health care expenditures for the United States for the following years:
Health Care Expenditures Projections
Category
National Health...
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