Report: U.S. Health Care Spending Reaches 18.2% of GDP
Health care spending reached 18.2% of the U.S. gross domestic product in July, up from 17.7% of the GDP in July 2014, according to an Altarum Institute report released last week. The spending increase was driven in large part by higher spending on prescription drugs and health plan administration. Despite the spending gains noted in the report, Altarum analysts said there are signs the increases will slow.
- "Drugs, Insurance Costs Drive Health Care Spending Higher"(Goozner, Modern Healthcare, 10/9).