News Headlines Article

Health care bills may be higher than we think
USA Today

How much are you really spending on health care? Probably more than you — or the government — anticipates.

Americans spend nearly $2.8 trillion a year on medical services, prescription drugs, long-term care and other health needs, according to the Centers for Medicare and Medicaid Services’ 2012 National Health Expenditures report. But CNBC got an early look at a new Deloitte study that posits there’s $672 billion in additional “hidden” costs — including unpaid care for a family member, vitamins and supplements, and complementary and alternative medicine — pushing the spending total to almost $3.5 trillion.