![]() ![]() 5 Because of the 2014 improvements to the Interview Survey questionnaire for health insurance-estimates beginning in 2014 are not strictly comparable to prior years. (Also see the BTN article by Ann Foster and Craig Kreisler, 2011 on Medicare part D). (See the Handbook of Methods for the CE program for its methods.) Medicare part D expenditures were included from their inception in 2006. The CE data are collected by the Census Bureau for BLS in two surveys: the Interview Survey for major and/or recurring items, and the Diary Survey for more minor or frequently purchased items. The analysis for this article is based on CE data from 2004 to 2018. Results should be interpreted accordingly. Therefore, no statistical significance testing is performed, as such tests require use of microdata. Note that the results cited in this article are based on tabular data. 4 Using data from the Consumer Expenditure Surveys (CE), this article also describes the effects of prices on healthcare expenditures. This Beyond the Numbers article analyzes the consumer spending patterns on major healthcare components across income quintiles, age, race and ethnicity, and homeownership status of consumer units (CUs) from 2004 to 2018. In most years, healthcare prices increased faster than the rate of inflation and gross domestic product. 2 Innovation in drugs, technologies, and procedures were also expensive to develop, which can increase healthcare prices that contribute to rising expenditures. healthcare spending had several contributing factors such as population growth (particularly among older consumers) more service utilization and higher service price and intensity. In addition, healthcare spending varies by income and by several demographic characteristics. 1 From 2017 to 2018, dollars spent on healthcare grew 0.8 percent, and 6.9 percent from 2016 to 2017. Dollars spent on healthcare have also increased from $2,574 in 2004 to $4,968 in 2018 (93 percent), or about 4.7 percent annually on average during this period. The share spent on healthcare has increased over time, rising from 5.9 percent in 2004. households allocated an average of 8.1 percent of spending to healthcare-a noticeable proportion of their total spending. The effects of health insurance on consumer expending. ![]() Health insurance coverage for families with children.Healthcare and prescription drug spending by seniors.Out-of-pocket healthcare expenditures: a comparison. ![]()
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