U.S. Projected 2013 National Health Consumption Expenditure Hit $2.7 Trillion, Up 3.9% Over 2012

For 2013, the total projected health consumption expenditure totaled $2.7 trillion, up 3.9% from the $2.6 trillion spent in 2012. The $2.7 trillion national health consumption expenditure includes four types of costs: personal health care expenditures on medical goods and services consumed by patients; it also includes the net cost of private health insurance premiums, government administration, and government public health activities. In 2013, personal health care expenditures were $2.4 trillion, up 3.7% over the $2.3 trillion spent in 2012. The 2013 net cost of private health insurance premiums totaled $174.5 billion . . .