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Government Report: U.S. Healthcare Tab Hit $3.3 Trillion In 2016

December 7, 2017 By Associated Press

The government says U.S. health care spending reached $3.3 trillion last year, which averages out to $10,348 for every man, woman, and child.

The 4.3 percent annual increase actually represented slower growth than in 2015, but health care spending still grew faster than the economy. Health care accounted for 17.9 percent of the economy in 2016.

Wednesday’s update comes from the Office of the Actuary, an economic analysis unit of the Health and Human Services department.

(Image credit: Photo by Aidan Bartos on Unsplash)

Hospitals accounted for more than 30 percent of spending, clinicians represented 20 percent, and prescription drugs accounted for 10 percent.

Most of the cost is for the sickest people, with 5 percent of the population accounting for about half the spending.

Health care keeps growing faster than the economy, making it harder to afford.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Supplies and Components Index
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • MedTech Resources
    • Medtech Events in 2025
    • The 2024 Medtech Big 100
    • Medical Device Handbook
    • MedTech 100 Index
    • Subscribe to Print Magazine
    • DeviceTalks
    • Digital Editions
    • eBooks
    • Educational Assets
    • Manufacturer Search
    • Podcasts
    • Print Subscription
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  • Women in Medtech
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