Phia Group Russo & Minchoff

Slow growth

The nation’s economy is improving, but it’s doing so weakly, and that continues to curb the growth in healthcare costs. 

That was the message last week when CMS analysts released the agency’s annual National Health Expenditure Accounts, which showed U.S. healthcare spending totaled $2.6 trillion, or about $8,402 a person, in 2010. Spending that year grew at a rate of 3.9%, just a tenth of a point higher than the rate of 3.8% in 2009. Together, the two years represent rates that grew more slowly than any other years in the 51-year history of the National Health Expenditure Accounts. Meanwhile, healthcare spending as a share of gross domestic product held steady at about 17.9%. 


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