July 08, 2005
Consumer healthcare spending showed little change in 2003, rising 2.8 percent on average, following increases of 7.7 percent in 2002 and 5.6 percent in 2001.
Among the components of healthcare expenditures, spending on health insurance continued to increase significantly, with a 7.2-percent rise in 2003 following increases of 10.1 percent in 2002 and 7.9 percent in 2001.
The increase in health insurance spending in 2003 was offset somewhat by a 4.2-percent drop in spending on drugs. The decrease in spending on drugs in 2003 followed several years of relatively large increases: 8.6 percent in 2002, 7.8 percent in 2001, and 12.6 percent in 2000.
Spending on the other two components of healthcare—medical services and medical supplies—increased slightly in 2003, by 0.2 percent and 1.9 percent, respectively.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Healthcare spending in 2003 on the Internet at http://www.bls.gov/opub/ted/2005/jul/wk1/art04.htm (visited December 02, 2015).
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.