US household spending on health care tops $1 trillion in 2018 for first time

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The more than $1 trillion spent on health care in 2018 includes out-of-pocket expenses for medical services and premiums for employer coverage, individual policies and Medicare, as well as Medicare payroll taxes.

That includes out-of-pocket expenses for medical services and premiums for employer coverage, individual policies and Medicare, as well as Medicare payroll taxes. The figure grew by 4.4% from a year earlier.The data -- part of the National Health Expenditure report -- comes as Americans, elected officials and presidential candidates try to tame the rising cost of health care. The issue is a top priority for President Donald Trump and has split the Democrats primary contenders.

The data is based on the consumer price index for prescription drugs, which Trump often cites to show his progress in lowering health care spending. Some experts, however, say this index does not truly reflect the rising cost of drugs, in part because it excludes the pricey medications administered in hospitals and doctors' offices.Private businesses, meanwhile, shelled out nearly $727 billion on health care, an increase of 6.2% -- the fastest growth rate since 2003.

 

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And yesterday multiple hospital associations are rallying against Trump's new proposal to force them to share prices before procedures.

We need to fix ACA and bring regulations to insurance companies and big pharmaceutical and health care providers. We need to bring those 3 entities to the table because they are the 3 who make up what our health care costs. A government run system is not the answer.

The joys of Obamacare...the boondoggle keeps getting worse and more expensive. God help us if the Demonrats get back in.

Far too much. Shouldn’t go bankrupt if you get sick or injured.

Greed...where is it learned? Not by the poor people

Good thing more ppl have better jobs & higher wages huh?

Thanks obama

Check out 'CD199: Surprise Medical Bills' via web:

It’s my grandmas birthday today. She’s an awesome lady.

Cant wait till its all free! Bernie! Bernie! Bernie!

You should all move to Europe. Health care is a fraction of the price

Hey. At least someone is getting reach charging $300 for a EpiPen not to talk about an inhaler. Well done leaders? We know where your priorities is?

And how much in profit did the insurance providers make?

jazz3162 Thanks, BarackObama!

Hi i am the rest of the world and we all know that your healthcare is a scam to suck every cent out of people and them some.Your healthcare is based on greed and make people legally addicted to meds and you dont give a shit that people die because of that.donlemon smearconish

trump's fault !!

Hmmmm. Obamacare isn't free? Who would have thought a massive healthcare overhaul would have resulted in MORE expensive healthcare? Oh wait... Everyone who asked serious questions about this when congress was debating it knew it would not result in savings. Who didn't ask? CNN

Americans deserve their health care system.

It'll continue to go up every year so are we supposed to be shocked?

And we have the best healthcare in the world. Gotta pay for that quality 💵 Earn it to spend it

A bit more time for exercise and less screen time, limited drinking and smoking, reduce usual eight meals a day, seven of them from eating on bed, you will be fine.

Single payer.

Another bell to tell you the system is broken.

This is why any campaign running against MedicareForAll cannot be taken seriously.

It's past time for some form of MedicareForAll Let's make it reality, America!

REMINDER: Trump and the gop want to take your healthcare away from you.

Shameful. So much debt that will cripple families.

The rest of the world is laughing at us. We are brainwashed into thinking this is the way it has to be.

BarackObama No thanks to Obama

Blow it all up.

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