Hot on HuffPost Healthy Living:

 

U.S. health care costs reaching a few trillion dollars

Posted on Jan 9th 2007 5:02PM by Brian White
That title is no misnomer - -that figure is $2 trillion (as in "t"). Just a few years ago -- in 2005 -- health care spending was at its lowest level since 1999 -- but now, it seems clear that health care costs are being forced in greater amounts onto citizens themselves.

In 2005 alone, U.S. spending on medical care set a new record of $1.99 trillion -- almost 2,000 billion dollars (or $2 trillion). In that unbelievable amount, it represented about 16% of the nation's economic output. Forget most industries -- combined. Health care spending trumped them all, including iPods and plasma TVs.

And the cost splits? At this time, it is estimated that federal and state governments shoulder about 40% of all health bills, while citizens pay for 31% of those costs using mostly private insurance premiums and other "out of pocket" costs.

Around the Web

 
 
 

Share Your Success Story

Jupiter Images

Have you lost weight and kept it off? We want to know how you did it and what keeps you inspired!