Individual Health Care Spending To Skyrocket

By: Associated Press/KKTV
By: Associated Press/KKTV

In less than a decade, one out of every $5 spent by Americans and their government will be for health care.

That's the projection in a new government report, which says total health care spending in the year 2017 will average out to $13,101 per person.

By contrast, that spending in 2006 worked out to an average of $7,026 per person, for a total of 2.1 trillion dollars spent on health care. The expenditure is expected to double to more than 4 trillion per year by 2017.

That represents an annual increase of 6.7 percent, nearly three times the rate of inflation.

The Centers for Medicare and Medicaid Services says the increase will be driven by higher prices and an increased demand for care.

As the population ages, the government will pick up a bigger share of the tab.

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 15983862 -