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Guest
Health care costs increased last year at their slowest pace since the advent of Medicare and Medicaid in the mid 1960s.
Health care spending grew last year at a “historic” low 3.9 percent rate, which is slightly below 2009’s record-setting low of 4.0 percent.
Health care spending as a share of the economy remained stuck at 17.6 percent, a welcome change from most years when it increases its share of total economic activity.
Moreover, CMS actuaries are now saying the cost of insuring 30 million previously uninsured Americans under the president’s signature health care reform bill will add only a sliver to overall spending, and that increase is about half the projected growth rate of a year ago.
http://www.thefiscaltimes.com/Articles/2011/07/28/Health-Care-Spending-Slows-to-Historic-Lows.aspx#page1#ixzz1TbTduLaX
Health care spending grew last year at a “historic” low 3.9 percent rate, which is slightly below 2009’s record-setting low of 4.0 percent.
Health care spending as a share of the economy remained stuck at 17.6 percent, a welcome change from most years when it increases its share of total economic activity.
Moreover, CMS actuaries are now saying the cost of insuring 30 million previously uninsured Americans under the president’s signature health care reform bill will add only a sliver to overall spending, and that increase is about half the projected growth rate of a year ago.
http://www.thefiscaltimes.com/Articles/2011/07/28/Health-Care-Spending-Slows-to-Historic-Lows.aspx#page1#ixzz1TbTduLaX