Low rate increase of healthcare spending reported by CMS
WASHINGTON — The economic recession attributed to a mere 4% rise in healthcare spending, the slowest rate of growth in the 50-year history of the National Health Expenditure Accounts, according to the Centers for Medicare and Medicaid Services.
That number translates to $2.5 trillion, or about $8,086 per person.
CMS added that, despite the slowdown, healthcare spending growth continued to outpace overall economic growth, which declined 1.7% in 2009, as measured by nominal Gross Domestic Product.
As previously reported by Drug Store News, an analysis by the Kaiser Family Foundation’s Commission on Medicaid and the Uninsured found that the new health-reform law significantly would increase the number of people covered by the program.