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Health care spending in America to consume 1 in 5 U.S. dollars
CBS News

Americans already spend more on health care than the citizens of any other country. That gap is projected to widen, with health care spending expected to consume almost 20 percent of gross domestic product by 2027.

The surge in health care spending will be due to a potent mix of two trends, according to the new estimate from the Centers for Medicare & Medicaid Services, which estimates that medical spending will consume 19.4 percent of GDP by 2027, up from 17.9 percent in 2017. The aging baby boomer population, which will require more medical treatment as they enter their 60s, 70s and 80s, combined with rising health care costs, are at the root of the projected growth.