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US Health Care Spending Tops Record $2T

Medicare jumps record 19% with new drug subsidy

By Colleen Barry, Newser Staff

Posted Jan 9, 2008 4:40 AM CST

(Newser) – US health-care spending in 2006 increased 6.7% to a record $2.1 trillion—an average of $7,000 for every person in America. Medicare spending jumped 19%, its fastest growth rate in 25 years, according to the latest government statistics published yesterday in the... Read full story »

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US Health Care Spending Tops Record $2T

Medicare jumps record 19% with new drug subsidy

health care costs • Medicare • Medicaid • prescription drugs

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More Newser Stories

On Way Out, Medicare Boss Bashes 'Extreme' Waste

Donald Berwick says 20-30% of health care spending helps no one

Health Care Costs Hit All-Time High

And the government will soon be paying 50% of them

Medicaid Kids Given Antipsychotics 4X More

Seen as most effective treatment; counseling often goes by wayside

Obama Seeks Another $313B in Health Cuts

He wants to reduce Medicare payments to hospitals

To Cut Deficit, Rein in Health Costs: Orszag

Budget director makes White House's case for cutting expenses

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