New National Health Expenditure Accounts data released by CMS show that health spending in the United States grew at 4.4 percent in 2008. Although the recession has brought a reduction in the rate of increase in health care costs, the data show costs continue to grow faster than the overall economy and the portion of GDP devoted to health care continues to increase. "The latest national health expenditure data demonstrate why health care reform needs to include a long-term strategy to reduce the growth of health care costs.
Karen Ignagni, President and CEO of America's Health Insurance Plans (AHIP), released the following statement today in response to new health spending projections released by CMS which found that health care's share of the economy g... Read Post
Overall U.S. health care spending will reach $2.5 trillion in 2009, a 5.5% increase from 2008, when health care spending increased by 6.1%, according to a CMS report published Tuesday in the journal Health Affairs, the Wall Street J... Read Post