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The Congressional Budget Office says that federal spending for major health care programs and Social Security are on track to 14 percent of the gross domestic product by 2038, twice the 7 percent average of the past 40 years.
The 'Total Cost' to the Individual of ObamaCare. Americaâs total annual spending on healthcare hit $2T around 2005 and is now around $3T. The cost of healthcare in the U.S. as a percentage of the gross domestic product (GDP) was 13.8 percent in 2000 and 16.8 percent in 2008 (chart). So in eight years, spending on healthcare went from being less than one-seventh of the entire economy to being more than one-sixth.