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USU.S. healthcare spending growth slows for second year in a row

23:30  06 december  2018
23:30  06 december  2018 Source:   reuters.com

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(Reuters) - Growth in healthcare spending in the United States slowed in 2016 following two years of expansion under the Affordable Care Act, a government health agency reported on Wednesday. Health spending increased 4.3 percent to .3 trillion compared to a 5.8 percent growth rate in 2015

The rate of growth in healthcare spending in the U . S . fell for the second year in a row in 2003 as demand for health services dropped, in part "The bad news is this is still a high rate of increase, and the fact that it is lower than last year doesn't mean it has gotten easier to find affordable healthcare

U.S. healthcare spending growth slows for second year in a row© Reuters/Mike Blake Emergency room nurse Christine Bauer examines Joshua Lagade of Vista, California, as his girlfriend Mayra Mora looks on in the emergency room at Palomar Medical Center in Escondido, California

(Reuters) - Healthcare spending growth in the United States slowed for the second year in a row in 2017, mainly due to slower spending growth for hospital care, physician and clinical services as well as retail prescription drugs, according to a report from the U.S. Centers for Medicare and Medicaid Services.

National health spending grew at a rate of 3.9 percent to $3.5 trillion, the health agency reported on Thursday. In 2016, it grew at 4.8 percent. The low rate of spending growth in 2017 was similar to the average annual growth rate of 3.9 percent seen between 2008 and 2013.

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(Reuters) - Growth in healthcare spending in the United States slowed in 2016 following two years of expansion under the Affordable Care Act, a government health agency reported on Wednesday. Health spending increased 4.3 percent to .3 trillion compared to a 5.8 percent growth rate in 2015

Economic growth and health care spending grew at about the same rate, the report says. The U . S . added to its health care tab at the lowest rate since government actuaries began producing these analyses 52 years ago, but the trend may be short-lived if the economy continues to improve.

Last year, a decline in growth in the number of prescriptions dispensed, a shift to lower-cost generics, and slower uptake of high-cost treatments - notably those that treat hepatitis C, contributed to slower growth in prescription drug spending.

The CMS had earlier this year projected spending to rise 5.3 percent in 2018, reflecting rising prices of medical goods and services and higher Medicaid costs, expecting the upward trend to continue for the next decade.

Growth in spending for private health insurance and the government's program for the poor, Medicaid, also slowed, while spending on the Medicare program remained relatively flat.

(Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Shailesh Kuber)

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