EBRI FAQ About Benefits | Health Question 2

FAQs About Benefits—Health Spending and Insurance Issues

Is the average American spending a growing amount on health?

Despite evidence that health care expenses are 17.9 percent of the nation's gross domestic product, they account for a substantially smaller share of most individual budgets. Out of each dollar spent by American consumers in 2009, a bit more than a nickel (6.9 percent) paid for medical or health purchases. Not surprisingly the percentage of income spent on health care rises with age.

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