Healthcare spending tops $3.35 trillion - that's $10,345 per person

The United States spent a total of $3 trillion, or 17.5 percent of gross domestic product, on health care in 2014, the last year for which hard numbers are available, according to Sean Keehan, an economist at the CMS Office of the Actuary, and other economists and actuaries at the Office of the Actuary.

Forecasters are expecting national health expenditures will hit $3.35 trillion this year, which works out to $10,345 for every man, woman and child. The annual increase of 4.8 percent for 2016 is lower than the forecast for the rest of the decade.

Future predictions see spending increasing to a total of about $4 trillion, or 18.5 percent of GDP, in 2019, and $5.6 billion, or 20.1 percent of GDP, in 2025.

Estimates are that spending will rise 5.7 percent in 2019 and 6 percent in 2025, driven in part by a stronger economy, faster growth in medical prices and an aging population. Medicare and Medicaid are expected to grow more rapidly than private insurance as the baby-boom generation ages. By 2025, government at all levels will account for nearly half of health care spending, 47 percent.