The healthcare industry’s exponential growth is evident in the staggering statistics on global health spending, which reached $10.4 trillion in 2021, constituting 11.4% of global GDP. Leading the charge is the United States, with a record $4.1 trillion spent on healthcare, comprising 19.7% of the nation’s GDP. The industry’s impact on the economy is vast, employing 25.8 million people, or 1 in 11 workers, in the US.
Positive trends include increased life expectancy, rising to 78.6 years in 2021, and a declining mortality rate of 8.8 deaths per 1,000 people. Nonetheless, challenges persist, with a high obesity rate of 42.4% and 69.1% of adults experiencing at least one chronic disease in 2021. Despite these hurdles, the increasing number of people with health insurance, reaching 92.2% in 2021, presents a hopeful prospect for the future of the US healthcare system.
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