Innovation, aging society main causes of soaring costs
(AP) - Doom, meet gloom: The nation's health care tab is on track to hit $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy, government number crunchers estimate in a report out today. How much does that work out to per person? Including government and private money, health care spending in 2020 will average $13,710 for every man, woman, and child, says Medicare's Office of the Actuary. By comparison, 2011 health care spending is projected to top $2.7 trillion, or about $8,650 per capita, roughly $1 of $6 in the economy. More»
