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New peak for US health care spending: $10,345 per person

3 months 1 week 2 days ago July 13, 2016 Jul 13, 2016 Wednesday, July 13 2016 July 13, 2016 3:42 PM in News
Source: Associated Press
By: ApNewsNow

WASHINGTON - A new government report says the nation's health care tab is expected to surpass $10,000 per person this year for the first time.

The new peak means the Obama administration hasn't solved the problem of high health care costs and will pass it on to its successor.

Number crunchers at the Department of Health and Human Services project that health care spending will grow at a faster rate than the national economy over the coming decade. That squeezes the ability of federal and state governments to pay, not to mention employers and average citizens.

National health expenditures will hit $3.35 trillion this year, which works out to $10,345 for every man, woman and child.

Unlike in previous elections, the presidential candidates aren't talking much about health costs this year.

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