HVAC Breaking News

Jan. 13, 2004: Health Care Spending Rises To Record Level

January 13, 2004
/ Print / Reprints /
/ Text Size+
WASHINGTON - Health care spending has risen to almost 15 percent of the United States' economy, the largest percentage on record, according to a report from the U.S. Department of Health and Human Services.

Officials announced that spending on health care jumped 9.3 percent in 2002, which represents the largest increase in 11 years, to a total of $1.55 trillion.

Growing faster than the nation's economy for the fourth year in a row, hospital care and prescription drugs made up a major portion of the increase, noted the Department of Health and Human Services.

Data on spending in 2003 are not available at this time, but some health care experts believe the substantial growth of the last several years may now be slowing.

Publication date: 01/12/2004

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Greg Mazurkiewicz

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Joseph Groh

Joseph Groh, an industry veteran boasting 35 years of HVAC experience, discusses the 2008 bicycle accident that cut his career tragically short, and how the Joseph S. Groh Foundation is his way of giving back to the construction trade. Posted on Aug. 22.

More Podcasts


NEWS 08-18-14 cover

2014 August 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con