Politics

Healthcare Will Eat Up One In Five Dollars of US GDP by 2020, Medicare Says

Rogue Government
WASHINGTON -- Health care legislation may be on the back burner, but a new report released today underscores its spiraling upward trend. In 2009, health care spending consumed an record high 17.3 percent of the nation's GDP, according to a study published in Health Affairs by the Centers for Medicare and Medicaid Services. The figure is up from 2008, when health care costs constituted 16.2 percent of the gross domestic product. Health spending in 2009 totaled $2.5 trillion, a growth rate of 5.7 percent in a year when overall GDP contracted.
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Posted by Editor at February 5, 2010 04:18 AM