Sunday, January 9, 2011
According to Health Affairs, health spending grew at an historically low rate In 2009:
During 2009, a year of deep recession followed by slow economic growth, national health care spending rose at its lowest rate in five decades, federal analysts report.
Health spending rose only 4.0 percent in 2009 to $2.5 trillion, or $8,086 per person. That pace was slower than the 4.7 percent growth rate in 2008, say the analysts from the Centers for Medicare and Medicaid Services (CMS) Office of the Actuary in their annual report on national health spending.
Despite the slowdown, health spending growth still outpaced the growth rate of the overall economy. As a result, health spending grew to 17.6 percent of the gross domestic product in 2009, a full percentage point higher than the 16.6 percent in 2008, marking the largest one-year increase in the history of the National Health Expenditure Accounts (1960-2009).