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Spending on health care slows, but still outpaces GDP

The U.S. spent $3.34 trillion on health care in 2016 — a 4.3% increase from 2015 and an amount that almost equals Germany's entire economy, according to new data from the Centers for Medicare & Medicaid Services. That spending growth is slightly lower than what CMS initially predicted in February, and it's a lower growth rate than 2014 and 2015.

Yes, but: Even a slower 4.3% uptick in health care spending greatly outpaced the 2.8% growth of the broader U.S. economy. Health care continues to absorb a greater share of the overall economy, which eats into other areas like education and infrastructure.

Data: Centers for Medicare & Medicaid Services; Chart: Andrew Witherspoon / Axios