As of 2020, healthcare spending represented 19.7% of the U.S. economy, which increased from 5% just 60 years ago

Statistic Info

The healthcare industry represents a large portion of the US economy. It represented around 19.7% of the economy back in 2020 and continues to rise to this day.

Author: Zippia

More Related Stats

Clinics & Pharmacies

Up to 37% of prescriptions are never filled due to cost

There are an estimated 275,000 deaths and $528.4 billion wasted annually in the United States

In 2022, more than 2.34 billion prescriptions were filled using one e-prescribing company

90.9% of clinics reported using an online patient portal and 65.8% reported using self-check-in terminals or kiosks for patient visits

Retail clinic claims volumes have shot up by 200% in the past five years, according to a new report

Research suggests that 81% of the time treatments that are comparatively effective are also cost-effective

72% of physicians and nurse practitioners are anticipating that pharmacists will be a regular part of the care team by 2030

51% of Americans worry about potential problems with their prescriptions stemming from understaffed pharmacies

58% of Payers Use Outcomes-Based Contracts for Prescription Drugs

95.7% of patients prefer to receive test outcomes immediately through their patient portals

More 2020 Stats

In the first year of the pandemic, the number of community centers providing clinical services via telehealth more than doubled, increasing from 43% of centers providing these services in 2019 to 99% in 2020

Employment of physicians & surgeons is projected to grow by 13% from 2016-2026, faster than the average for all occupations

62% of physicians spend 13-24 minutes with each patient

As of 2020, healthcare spending represented 19.7% of the U.S. economy, which increased from 5% just 60 years ago

In 2020, the U.S. pharmaceutical industry spent an estimated $6.58 billion on advertising

Mental health visits are five times more likely to be out of network than primary or specialty care

During the H1N1 outbreak, pharmacists played a major role in the medical response as mass immunizers

1 in 5 medical practices saw a 50% revenue drop in 2020

81% of physicians had lower revenue than pre-pandemic