Healthcare spending is projected to grow at an average rate of 6.2% a year, about 50% faster than growth in the economy. By 2035, total health spending could exceed 30% of gross domestic product. As a matter of philosophy, Pres Obama wants to provide government health insurance as an alternative to private insurance -- the "public option." He wants to be absolutely clear that if you have a health plan you like. Innovation is one of the hallmarks of American healthcare. US companies have developed half of all major medicines introduced over the last 20 years. Most European systems piggyback on new drugs and medical technology developed in the US.