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Health Care Spending Expected to Soar

Health Care Spending Expected to Soar

WASHINGTON—Heath care spending is projected to more than double in the coming decade. The projected figure for 2011 is $2.8 trillion, up from $1.3 trillion in 2000, and the expected average annual growth rate is 7.3%, according to the Centers for Medicare and Medicaid Services.

Health care as a percentage of the gross domestic produce is expected to reach 17% in 2011, compared with 13.2% in 2000. All health care spending is expected to grow at an annual rate of 9.6% in 2001, up from 6.9% in 2000. Private health care spending is projected to increase 8.9% in 2001, peak at 9.4% in 2002, and then gradually decline to 5.9% in 2011.

 
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