Health Costs Could Double by 2011

Excerpt: "By 2011, Americans are expected to spend $9,216 per person on health care, about double what they spent in 2000, the government says. A report by the Health and Human Services' Centers for Medicare and Medicaid Services said health costs are expected to grow at a rate of 7.3 percent annually between now and 2011."

Excerpt: "Fueled by soaring hospital and prescription drug costs, medical spending is accelerating faster than government economists had expected, reaching 14 percent of the gross domestic product last year for the first time, according to new projections."


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