CMS: Medicare spending climbsNews added by ProWEB Media on January 7, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

Health care spending in the U.S. last year totaled $2.3 trillion, or nearly $7,700 per person. This means health care spending accounted for 16.2 percent of the gross domestic product, compared with 15.9 percent in 2007, the Centers for Medicare & Medicaid Services reports.

Also in 2008, increased hospital admissions contributed to a 7.7 percent rise in Medicare spending on hospital care, compared with a 4.7 percent increase in 2007.

Medicare spending increased 8.6 percent to $469.2 billion in 2008, compared with a 7.1 percent rise in 2007.

Meanwhile, throughout the year examined, enrollment in Medicare Advantage plans increased 13.6 percent, and Medicare Advantage spending rose 21.3 percent to $108.2 billion.
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