Carnegie Mellon Program in Biotechnology and Management: Healthcare spending and GDP

English: Spending on U.S. healthcare as a perc...
English: Spending on U.S. healthcare as a percentage of gross domestic product (GDP). (Photo credit: Wikipedia)
English: Total U.S. healthcare spending. 1960 ...
English: Total U.S. healthcare spending. 1960 to 2007. Percent of GDP (gross domestic product). Data is from OECD Health Data 2009 – Frequently Requested Data. (Photo credit: Wikipedia)

Biotechnology and Management.

The healthcare system costs the United States $2.7 trillion — 17.5 percent of gross domestic product — in 2010. More than 40 percent of that cost — about $1 billion — comprises pharmaceutical, diagnostics, biotechnology and medical devices.

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