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Truthout
By Grace Huang
In 2009, health care spending grew by 5.7 percent, now reaching $2.5 trillion. It is the largest increase since the federal government began tracking these figures in 1960, according to a report from the Centers for Medicare and Medicaid Services (CMS).
Health care costs also made up 17.3 percent of the US's gross domestic product (GDP), which was 1.1 percent higher than in 2008. CMS's 2009-2019 projections indicate that health expenditures will continue to grow "increasingly faster," at an annual rate of 6.1 percent - 1.7 percentage points faster than annual GDP growth - and climb to $4.5 trillion.
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Tags: Medicaid, Medicaire, GDPGovernment spending |
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