News Headlines Article

Health Care Projected to Be One-Fifth of U.S. Economy by 2020
San Francisco Chronicle

Health-care spending will make up 20 percent of the U.S. gross domestic product by the end of the decade, an increase of more than 2 percentage points from 2009 as government subsidies expand, federal auditors said.

National health expenditures rose 4 percent to $2.6 trillion in 2010 from a year earlier, the Office of the Actuary at the U.S. Centers for Medicare and Medicaid Services estimates today in an article in the journal Health Affairs. Growth will be fueled by demand from 30 million Americans who will receive new subsidies under the health overhaul.