Total national health expenditures last year grew 4.6% to $3.6 trillion, or $11,172 per person, boosted by faster growth in private health insurance and government-sponsored health insurance programs, said the Center for Medicare & Medicaid Services.
The 2018 growth rate was a tad larger than the 4.2% 2017 rate and matched the...National News
In 2017 health spending grew 4.8 percent year-over-year, the second consecutive year of deceleration in spending growth; from 2006 to 2017 growth in health spending per enrollee averaged 4.4 percent annually for the privately insured - Medicare averaged 2.4 percent and Medicaid, 1.6 percent, according to research from The Urban...National News
Predicted to grow at 5.5 percent annually, healthcare spending has consequences for the nation's economy.
In 2016, healthcare spending was 18 percent of GDP or $3.3 trillion. New predictions for healthcare spending mean such growth will outpace GDP over the same period.
Moody's Assistant Vice President Rebecca Karnovitz told Health...