Overall, the increases amounted to $1.3 trillion. Health care spending averaged $4,637 per person in 2000, nearly a six percentage point rise compared to 1999.
Growth in expenditures in 1999 and 2000 slightly outpaced the Gross Domestic Product, a sign to insiders that the near decade of stability in health spending may end. The health share cost of GDP has increased to 13.2%, approximately what it was in 1992. Additionally, the Centers noted that the slowing economy and health inflation are indicators of increases in the near future.
Medicare accounted for 38% of public spending on health care and 17% of overall health spending. Spending for Medicare rose to $224 billion in 2000, an increase of 5.6 percentage points for the year.
Spending for prescription drugs leaped 17.3% to $121.8 billion, the largest percentage rise in health-care spending, but the pace slowed when compared with the 19.2% rise in 1999.
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