Health Care Spending Growth Still Very Low
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Source: CNN Money
NEW YORK (CNNMoney)
America continued to curb its spending on health care for the fourth year in a row.
By Tami Luhby @Luhby January 6, 2014: 4:08 PM ET
Spending on health care grew by only 3.7% in 2012, continuing a streak of the slowest growth rates on record, according to data released Monday by the Centers for Medicare and Medicaid Services.
The report looked at all spending on health care services, including doctors, drugs, hospitals and nursing homes, and research nationwide. It also breaks down who is doing the spending: consumers, Medicaid, Medicare and insurers.
Spending remained restrained due to the weak economy. People continued to pull back on medical care amid a continued weak job market and providers sought to keep prices in check. The Affordable Care Act had minimal impact, as many of the health reform's major provisions had yet to kick in.
Read more: http://money.cnn.com/2014/01/06/news/economy/health-care-spending
I disagree with the third paragraph of this story, I think that ACA had some impact that helped keep spending down. That statement is an opinion, of the writer, rather than a fact proven. Why did providers keep prices in check?.. Still it is news, prices are very stable.
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