Cory Booker says U.S. spends more than 17 percent of gross domestic product on health care costs

If the United States wants a robust economy, Newark Mayor Cory Booker said the country needs to rein in its spending on health care.

During a recent stump in New Hampshire for President Barack Obama, Booker, a Democrat, said he’s proud that there are leaders in the U.S. making progress, but said the health care law Obama signed wasn’t "perfect." He claimed the U.S. has a major problem: it spends more on health care as a percentage of gross domestic product, the total value of all goods and services produced within a nation, then its closest competitors.

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