U.S. Health Care Costs Projected to Continue to Climb

Pushed by a dramatic increase in the number of Americans who will get insurance under the new healthcare law, total U.S. medical spending will continue to gallop upward, consuming nearly 20 per cent of the economy by 2019, according to a new government estimate.

The report estimated that healthcare spending will nearly double for the previously uninsured as many of the newly insured get care they now do without.

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