Silver Book reference

Health Spending Growth at a Historic Low in 2008

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    • Total Medicare spending reached $469.2 billion in 2008.  
    • Nursing home spending reached $138.4 billion in 2008.  
    • Spending on physician and clinical services reached $496.2 billion in 2008.  
    • Hospital spending by Medicare increased 7.7% in 2008–from 4.7% in 2007.  
    • In 2008, overall spending on hospital services reached $718.4 billion.  
    • National health spending in 2008 reached $2.3 trillion, or $7,681 per person.  This was a 4/4% increase from 2007.  
    • The health care portion of the gross domestic product (GDP) grew from 15.9% in 2007 to 16.2% in 2008.