ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Medicare spending grew 8.4% to $900.8 billion in 2021, or 21 percent of total NHE. Medicaid spending grew 9.2% to $734.0 billion in 2021, or 17 percent of total NHE. Private health insurance spending grew 5.8% to $1, 211.4 billion in 2021, or 28 percent of total NHE.

Detailed explanation-2: -Current health expenditure is Rs. 5, 40, 246 crore (90.6% of total health expenditure) and capital expenditure is Rs. 56, 194 crore (9.4 per cent of the total). Of the Government Health Expenditure (GHE), the Union government’s share is 34.3% and the state governments’ share is 65.7%, ” the Survey said.

Detailed explanation-3: -Health expenditure includes all expenditures for the provision of health services, family planning activities, nutrition activities and emergency aid designated for health, but it excludes the provision of drinking water and sanitation.

Detailed explanation-4: -Premium increases, higher deductibles and copays, and soaring prescription drug prices result in spikes in healthcare costs.