Final answer:
In 2012, health care spending in the United States reached $2.8 trillion, and was projected to reach $4.2 trillion by 2016.
Step-by-step explanation:
The statement is True. In 2012, health care spending in the United States reached $2.8 trillion, and it was projected to reach $4.2 trillion by 2016. These figures reflect the increasing costs and demand for healthcare services in the country. The aging population, advancements in technology, and rising healthcare expenses are some of the reasons behind this trend.