Health costs to soar

Have you noticed how expensive health care has come to be? The nation's spending for health care will increase up to $3.6 trillion by 2014. That's nearly 19% of the entire U.S. economy! Also, the U.S. has the highest tab per person for health care in the industrialized world. Health care spending will grow faster than the economy through the next decade. To show you some numbers, by 2014, health costs for each person will be $11,045, and that's not adjusted for inflation. While health care is rising faster than GDP, Medicare and Medicaid will pay 49% of all spending by 2014. In 2003, it was 45.6%.

The U.S. is unwilling to fix these problems and control rising spending. Instead, government uses resources for tax cuts and whatnot. In addition to state budgets straining from these problems, it is almost sure that we will experience an increase in taxes.

For the article:
http://www.usatoday.com/money/industries/health/2005-02-24-health-care-costs_x.htm