Trillions Spent on Healthcare, Tax Soda

According to a new report, Americans spent $2.2 trillion on health-related costs in 2007, roughly $7,500 per person. Illustrated in Health Affairs, health spending accounted for 16.2% of U.S. gross domestic product in 2007. And at 6.1%, this is the slowest growth rate since 1998. Researchers attribute the broader use of cheaper generic drugs for the decline; Reuters reports.

What did you expect? More active, healthier living! Now, with healthcare expenses raging into the trillions, it’s no wonder why politicians, like New York’s Governor David Paterson, are proposing taxes on hurtful foods, like soft drinks. And in this video New York’s Health Commissioner, Richard F. Daines, MD explains how the soda tax would work. Just ignore the stuff about milk.