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U.S. health care costs skyrocketed to $3.65 trillion in 2018

from Fortune

A new analysis from U.S. federal government actuaries say that Americans spent $3.65 trillion on health care in 2018, according to a report from Axios. The amount is larger than the GDPs of such countries as Brazil, the U.K., Mexico, Spain, and Canada. The level of spending is by far the highest in the developed world, according to data from the Organization for Economic Co-Operation and Development. That was an increase of 4.4 percent over 2017 and, according to the analysis, things will get even worse. more

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