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.