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Health Care Spending Rose Over 9 Percent in 2002

Health care spending in the United States reached $1.6 trillion in 2002, an annual increase of 9.3 percent, fueled by rising hospital spending and prescription drugs costs. The $1.6 trillion figure means that health care spending averaged about $5,440 per person in 2002. And I thought the $1.42 trillion spent in 2001 was an unprecedented amount.

Yahoo News January 8, 2004

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