Growth of health care spending slowed last year
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.