Examine the rates of growth in the service categories


Answer the following questions in a 2- to 3-page Microsoft Word document:

Examine the trends in expenditures for the service categories presented in the table. What is the magnitude and direction of spending changes within and across each of these categories: the percentage of GDP spent on NHE and the NHE per capita.

What can you say about how the price of medical care services changes? As you think about what you might say, realize that the figures have been adjusted for inflation. Also, assume that not all increases in healthcare costs are caused by increases in utilization.

Examine the rates of growth in the service categories (except the category "other"). What trends do you see in the mix of healthcare services used by the US public? What factors might contribute to these trends?

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Microeconomics: Examine the rates of growth in the service categories
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