Lexology September 25, 2023
This article is an extract from GTDT Healthcare Regulation 2024. Click here for the full guide.
Healthcare in America is big business. With annual expenditures in 2021 topping US$4.5 trillion, healthcare spending consumes 18.3 per cent of the US gross domestic product. More than half of personal healthcare expenditures in the US are subsidised financially by the public sector, which makes government a key policy actor.
The US healthcare system
The organisation, financing and control of US healthcare is a major policy driver with funding, delivery and access shared among federal, state and local governments and a diversity of private actors, each with overlapping spheres of influence and roles as insurers, financiers, purchasers, providers (ie, hospitals, medical practices, laboratories, post-acute...