U.S. health care spending by 2016 will almost double to $4.1 trillion and account for 20 percent of every dollar spent, according to a report recently released by the National Health Statistics Group at CMS, the Los Angeles Times reports.
According to the report, published on the Health Affairs Web site, public and private health care spending will increase to about $12,782 per capita by 2016 from about $7,498 per capita in 2006. The report estimated that public spending will account for 48.7 percent of total health care spending by 2016, compared with 40 percent in 1990 and 38 percent in 1970.
In addition, the report estimated that total out-of-pocket health care spending will increase to $440.8 billion by 2016 from about $250.6 billion in 2006.
