Health Care Spending The United States Spends

Health Care SpendingName:Institutional AffiliationHealth Care Spending IntroductionThe United States spends the highest percentage of its GDP on health care than any other country. The National Healthcare Expenditure (NHE) is projected to hit $3.207 trillion, which is 17% of the GDP, and an average of $10,000 per citizen.This is more than double the average what other developed countries spend. The Netherlands is second at 12% (Data.worldbank.org, 2016).Health care in United States is financed by government programs, private health insurance plans (usually through employers), and the person's own funds (out-of-pocket). The government programs include Medicare and Medicaid and CHIP. Medicare is a federal government program that finances health care for individual with severe disability or people with 65 years and above, regardless of their incomes. Medicaid, on the other hand finances health care for people with low income.The Children's Health Insurance Program (CHIP) is collaboration between the federal government and state governments to provide medical coverage to eligible children, through the Medicaid program (Medicare.gov, 2016).Health care spending 2014Hospital careHospital care, also called acute care provides in-patient and out-patient services to patients. It provides accommodation, diagnostic procedures such as tests and X-rays, operating rooms, case rooms and anesthetic facilities.