Reality Check...

Subject: txt hcare mny -

"In 2008, consumers were only directly responsible for 11.9 percent of total national healthcare expenditures, down from 43 percent in 1965, according to new data from the U.S. Department of Health and Human Services.

This means that someone other than consumers pays roughly 88 percent of all healthcare costs, giving consumers little incentive to mind costs and much incentive to over-consume."

Source: The American.

US health spending as percentage of GDP in various years.

1965: 6%

1975: 8%

1985: 11%

1995: 14%

2005: 16%

Source: US Embassy.
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