What percentage of the U.S. economy was devoted to healthcare spending in 2019?

Prepare for the HFMA Business of Health Care Exam. Study with flashcards and multiple-choice questions, each with hints and explanations. Ace your exam with confidence!

In 2019, healthcare spending in the United States accounted for approximately 17.7% of the total economy, making this the correct choice. This percentage reflects the comprehensive nature of healthcare expenditures, which includes spending on hospital care, physician services, nursing care, retail pharmacy, and other health-related expenses. The rise in healthcare spending as a share of the economy has been influenced by various factors, including an aging population, advancements in medical technology, and rising healthcare prices, which together contribute to the increasing financial burden on both public and private sectors. The available choices illustrate the range of reported estimates for healthcare spending, but 17.7% reflects the most accurate figure for that year, highlighting the significant role healthcare plays in the overall economic landscape.

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