Americans spent $3.3 trillion on health care in 2017, of which 34% was on hospitals, 28% on physician services, and 11% on prescription drugs. Expenses incurred by private insurers account for 7% of spending—the largest element of which are taxes.

Americans spent $3.3 trillion on health care in 2017, of which 34% was on hospitals, 28% on physician services, and 11% on prescription drugs. Expenses incurred by private insurers account for 7% of spending—the largest element of which are taxes. https://t.co/CysMsdl56x

— Manhattan Institute (@ManhattanInst) August 3, 2019