Health care expenditures in the US 16 14.000 15 13.000 12.000 11.000 43210 10.000 9000 8000 7000 uollq) 6000 5000 8 4000 3000 2000 6 1000 5 0 1960196419681972197619801984198819921996200020042008 Year Health expenditure as%GDPGDP (billion $ Figure 1.1.Health care expenditure as a proportion ofUS GDB 1960-present Source:Data from the US Center for Medicare and Medicaid Services,Office of the Actuary. Bhattacharya,Hyde and Tu-HealthEconomics Bhattacharya, Hyde and Tu – Health Economics Health care expenditures in the US