Growth In Health Costs Decrease Nationwide – a Promising Trend

A recent report from the Centers for Medicare and Medicaid Services’ (CMS) Office of the Actuary, shows that the United States spent $3.5 trillion on health care in 2017 – or $10,739 per person – but the rate of spending growth fell to 3.9 percent, down from 4.8 percent in 2016. The slower growth in spending was attributed to reduced costs associated with hospital care, physician and clinical services, prescription drugs and Medicaid, resulting in part from decreased utilization of health services.

Read the AP news story from Dec. 6 when the report was released.

 
 

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