Healthcare’s Share of U.S. Economy Rose at Record Rate
Americans have spent 5.7 percent more for health services and medicine in 2009 than the year prior due to the recession. Read this blog from The New York Times to review the projections from a report by the Federal Centers for Medicare and Medicaid Services.
With the health care tab for last year coming to $2.5 trillion, healthcare spending now represents 17.3 percent of the nation’s gross domestic product - a 1.1 percent bigger portion of the nation’s economy than in 2008.
This represents the biggest one-year expansion of healthcare’s share of the economy since the federal government began keeping records in 1960.
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