Health care reform efforts continue to move as slowly as cold tar, but health care spending across the United States raged on in 2009, and when all the data comes in, it will likely have had the largest one-year increase in history.
Despite the general downward slide of the rest of the economy, the arc of health care spending grew by 5.7 percent the past year, according to a report released Thursday by the Centers for Medicare and Medicaid Services.
At this rate, by 2019 health care spending will amount to 19.3 percent of all economic spending nationwide, and its share of the pie increasing to a fifth of all economic activity, compared to one-sixth of all U.S. goods and services now.
It doesn't take a health insurance actuarial table to see that if a fifth of the economy is health care, there's a good chance a fifth of your family budget will be going for it as well. Annual premiums for a Utah household of five or six, are hitting $8,000 per year now just for insurance coverage, which doesn't include co-pays and covering your plan's annual deductible, which have doubled under many workplace-based plans the past two years.
Source : http://www.deseretnews.com/article/700007211/US-health-care-spending-continues-to-climb.html
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