Gov't report: US health care tab hit $3.3T in 2016December 6, 2017 10:16pm

WASHINGTON (AP) — The government says U.S. health care spending reached $3.3 trillion last year, which averages out to $10,348 for every man, woman, and child.

The 4.3 percent annual increase actually represented slower growth than in 2015, but health care spending still grew faster than the economy. Health care accounted for 17.9 percent of the economy in 2016.

Wednesday's update comes from the Office of the Actuary, an economic analysis unit of the Health and Human Services department.

Hospitals accounted for more than 30 percent of spending, clinicians represented 20 percent, and prescription drugs accounted for 10 percent.

Most of the cost is for the sickest people, with 5 percent of the population accounting for about half the spending.

Health care keeps growing faster than the economy, making it harder to afford.

Page 1 of 1

More Stories Like This

President Donald Trump steps off Marine One on the South Lawn of the White House in Washington, Sunday, Dec. 10, 2017. Trump is returning from a trip to his Mar-a-Lago estate in Palm Beach, Fla. (AP Photo/Andrew Harnik)
Start the clock for Trump, GOP in last push on taxes, budget
Trump to pitch tax plan; Treasury offers rosy estimateThe Trump administration is estimating the Republican tax bill will generate a large part of $1.8 trillion in new tax revenue over 10 years from a boost to economic growth
FILE- In this Nov. 30, 2017, file photo, with reporters looking for updates, Sen. Susan Collins, R-Maine, and other senators rush to the chamber to vote on amendments as the Republican leadership works to craft their sweeping tax bill in Washington. Collins said she is confident President Donald Trump and Senate Majority Leader Mitch McConnell will ensure passage of two bills aimed at shoring up the insurance markets, a demand she made before supporting the Republican tax overhaul. (AP Photo/J. Scott Applewhite, File)
In tax push, Trump's team uses a dubious growth estimate
The Latest: Trump to make final pitch for GOP tax planPresident Donald Trump is making his final pitch for the Republican tax plan in a speech to the American people
AP FACT CHECK: Trump off on black homeownership, tradeAP FACT CHECK: Trump is off base on black homeownership and trade with Canada
AP FACT CHECK: Trump on monuments, econ; Moore on accusersAP FACT CHECK: Trump makes dubious assertions about monument lands, economy; Alabama's Moore wrestles with accusations
This component is currently unavailable.

Related Searches

Related Searches