Americans Spend $7k Per Person On Health

Summary


As 2007 was coming to a close, I was stocking up on several months' supply of my medications. A set of family illnesses had pulled us up above the deductible, so I was using the benefits of the insurance coverage.

Health care is expensive in America, even for those who have insurance and earn a doctor's salary. A recent report in the journal Health Affairs showed that the cost of health care for the nation in 2006 just exceeded 2 trillion dollars, which is nearly equal to the GDP (gross domestic product) of England.

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Extract


Americans Spend $7k Per Person On Health

It's hard to imagine $2 trillion - but in simple terms its nearly $7,000 of health expenditure for every American. In ...

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