The Congressional Budget Office has released its 2014 long-term budget outlook, which projects federal debt held by the public will rise during the next 25 years to the highest percentage in the country's history since just after World War II.
The report also includes information on 2012 total healthcare spending in the U.S., which totaled $2.6 trillion. Here's a breakdown of where that money was spent, according to the CBO.
- Payments by private health insurers — $917 billion (35 percent)
- Medicare — $572 billion (22 percent)
- Medicaid and the Children's Health Insurance Program — $434 billion (16 percent)
- Consumers' out-of-pocket spending — $328 billion (12 percent)
- Other (public spending) — $231 billion (9 percent)
- Other (private spending) — $151 billion (6 percent)
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