January 10, 2006
"
Rising health care co$t$, already threatening many basic industries,
now consume 16 percent of the nation's economic output -- the highest proportion ever, the government said yesterday in its latest calculation.
The nation's health care bill continued to grow substantially faster than inflation and wages, increasing by almost 8 percent in 2004, the most recent year with near-final numbers.
Political, medical and economic leaders and experts have long warned that health care cost trends will gradually overwhelm the economy, and
many companies now complain that employee and retiree health costs are making them less competitive."