U.S. Health Care Spending to Double by 2017, Report Predicts – washingtonpost.com

U.S. Health Care Spending to Double by 2017, Report Predicts – washingtonpost.com
TUESDAY, Feb. 26 (HealthDay News) — Spending on health care in the United States could double by 2017, reaching $4.3 trillion and accounting for 19.5 percent of the nation’s gross domestic product, a new government report shows.

This finding follows last month’s report that, for the first time, health care spending grew to more than $2.1 trillion in 2006, accounting for 16 percent of gross domestic product. Moreover, as baby boomers begin to enter the Medicare system, there will be a major shift in health care spending from the private to the public sector.

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