Thursday, January 15, 2009

Americans spend more of their income on health care than on food -- and the % is rising...

The Post health and science reporter David Brown reports the following in "We All Want Longer, Healthier Lives. But It's Going to Cost Us.

"Americans spend a little less than 10 percent of their income on food, which is down from 25 percent in 1930. We spend twice as much -- 21 percent -- on shelter. Last year, 16 percent of the nation's gross domestic product went for health care. If health care costs grow at its present rate through the first three-quarters of this century, it will consume 38 percent of the GDP by 2075."

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