"Health Spending Rises Only Modestly"

[applegrove]

Health Spending Rises Only Modestly

By ROBERT PEAR at the NY Times

http://www.nytimes.com/2014/12/04/us/pace-of-health-care-cost-increases-falls-to-a-54-year-low.html?_r=0

"SNIP.........................



WASHINGTON — Spending on health care in the United States grew in 2013 at the lowest rate since the federal government began tracking it in 1960, the Obama administration said Wednesday.

It was the fifth straight year of exceptionally small increases in the closely watched indicator. The data defied critics who had said such slow growth would not continue for long once the recession ended in mid-2009.

Health spending totaled $2.9 trillion last year, up 3.6 percent from 2012, the administration said. The share of the economy devoted to health care, which appeared to be growing inexorably for decades, has been the same since 2009.

“The 3.6 percent increase in 2013 is the lowest increase on record in the national health expenditures going back to 1960,” said Micah B. Hartman, a statistician at the Centers for Medicare and Medicaid Services and lead author of the report, published in the journal Health Affairs. “The next lowest increase was 3.8 percent in 2009. These rates are within the range of the recent low rates of growth in health care spending, between 3.6 and 4.1 percent from 2009 to 2013.”




........................SNIP"

[okaawhatever]

1. The title is lame. It should read "health care cost increase at 54-year low". nt