4% per year for the entire projection period." (Centers for Medicare and Medicaid Services. 2009).
Sources of Funds
The current funding climate on "health spending is fairly evenly split between the private and public sectors, with private health spending accounting for 54% of total health spending in 2007" (Kaiser Family Foundation. March 2009). Taken in totality, health insurance accounts for 71% of all funding sources with a categorical breakdown of: private health insurance at 32% of total spending, Medicare, 20%, Medicaid 15%, and other government programs four percent. Additionally 12% of funds flow from out-of-pocket programs, while other third party and investment programs account for 13%" (Centers for Medicare and Medicaid Services. 2009).
Specifically, hospital care receives its 759.1 billion of spend from 24.4 billion of out-of-pocket expenses, and 669.3 billion of health insurance payments, of which private plans accounted...
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