They say thanks a trillion.
Health care is nearly a trillion dollars-a-year more expensive than oit was when Barack Obama took office.
After a 4% increase in 2008, when we elected him, health spending rose 72% in the next 7 years.
From the New York Times in 2010:
Health spending grew in 2008 at the slowest pace in 48 years as the recession throttled back the explosive growth of health costs, the federal government reported Monday.
Health spending topped $2.3 trillion in 2008, up 4.4 percent from the previous year. But the rate of growth in 2008 was down from 6 percent in 2007 and an average increase of 7 percent a year in the decade from 1998 to 2008. Health care accounted for 16.2 percent of the gross domestic product in 2008, up from 15.9 percent in 2007, according to the report, by the Department of Health and Human Services.From MSN today:
The nation's health care tab grew at the fastest rate in eight years in 2015, driven by the coverage expansion in President Barack Obama's law and by costly prescription drugs, the government said Friday.
The growth of 5.8 percent in 2015 boosted total health care spending to $3.2 trillion. That's an average of $9,990 per person, although the vast share of that money is spent caring for the sickest patients.One Big Ass Mistake, America.
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