Growth of health care spend­ing slowed last year

The Herald Sun - - Obituaries -

The growth of na­tional health spend­ing, which surged as mil­lions of Amer­i­cans gained cov­er­age un­der the Af­ford­able Care Act, slowed last year, the Trump ad­min­is­tra­tion said Thurs­day.

Health spend­ing in the United States to­taled $3.5 tril­lion last year, up 3.9 per­cent from 2016, or about $10,740 a per­son. It ac­counted for 17.9 per­cent of the econ­omy, of­fi­cials said.

But the rate of in­crease for the ma­jor cat­e­gories – drugs, doc­tors and hospi­tals – was more mod­est than in re­cent years.

One pos­si­ble ex­pla­na­tion is that the share of the pop­u­la­tion with health in­sur­ance fell slightly. Also, more peo­ple with in­sur­ance had high-de­ductible plans, which tend to make peo­ple cost-con­scious.

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