Detailed text transcripts for TV channel - MSNBC - 20100209:02:44:00
Ago. it grew by $134 billion. that's the way things have been going since 1960. up, up, and up. most dramatically now. in 1960 health care spending was a grand total of about 5% of our gdp. by 1970 up to about 7%. by 1980, 9% of all the dollars we spent went to health care. by 1990 it was up to 12%. by 2000 almost 14%. and by last year our health care spending constituted more than 17% of our entire economic output as americans. we now spend one of every $6 in our entire economy on health care. in ten years it's projected to be one in $5. not one in six. one of every $5 we spend in our whole e...