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Healthcare costs on the steep incline
Physician Practice Advisor, January 14, 2004
As a nation we spent $5,440 on health care for each person in the United States in 2002, Robert Pear reported in "The New York Times" on January 9, 2004. The total spending? $1.55 trillion--up 9.3% from 2001 totals.
Ten and a half percent of the money spent on health care is spent on prescription drugs, and hospital care spending was $486.5 billion in 2002 -- a 9.5 percent increase that outpaced the percentage growth of healthcare spending overall.
Despite the fact that 43 million Americans do not have health insurance, health care spending in the United States represented 14.1% of the Gross Domestic Product in 2001.
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