Health Care Costs Expected to Double by 2007

Posted on February 4, 1999

Overall spending on health care will double by 2007, rising from $1 trillion in 1996 to $2.1 trillion in 2007, according to a 1998 study issued by the Health Care Financing Administration (HCFA). Children are the first to pay the price when health care costs go up, as employers drop dependent coverage and families find it hard to make up the difference.