National Health Expenditure Projections 2007-2017

March 2008 By 2017, spending on health care in the United States is expected to be about $4.3 trillion, which will be about 19.5% of the nations gross domestic product (GDP). In 2007, health care spending was $2.2 trillion, or 16.3% of GDP. Health-related spending is expected to grow at 6.7% per year from 2007 through 2017. However, economic growth is expected to slow to about 4.7% per year. Due to expected Medicare enrollment increases due to the baby boomer generation, public health care spending will increase, and private sector spending growth is . . .