Health Care | Business Roundtable

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    Betsy Andres Stewart
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LeAnne Redick Wilson
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​lwilson@brt.org

    

What is Business Roundtable

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

The United States has the third highest rate of health care spending per person ($9,146) in the world, behind Norway and Switzerland. 

U.S. health care spending as a share of GDP has grown from roughly 15 percent a decade ago to 17 percent in 2013 and is expected to reach nearly 20 percent over the next 10 years.

Health care spending is projected to grow by an average rate of 5.8 percent per year over the next decade — slightly above the annual growth rate of 5.1 percent over the last decade and well above the long-run historical inflation rate of 2.8 percent per year (1985–2014). 

90 percent of the U.S. population had some type of health insurance in 2014, up from 84 percent in 2010.

Roughly two-thirds of the U.S. population (66 percent) was covered under a private health insurance plan in 2014, and more than one third (37 percent) of the U.S. population received health insurance through the government. 

Of the 209 million Americans who are covered by private health insurance plans, 84 percent (175 million) receive insurance through an employer.