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After Years, Healthcare Spending Is on the Rise
The national medical bill may be back to growing faster than gross domestic product. After 5 years of historically slow growth, new data show US healthcare spending accelerated significantly in 2014.
The national medical bill may be back to growing faster than gross domestic product. After 5 years of historically slow growth, new data show US healthcare spending accelerated significantly in 2014.
The analysis, from the Altarum Institute research group and based on preliminary government data, shows health spending increasing by 5% last year, compared to 3.6% in 2013. If confirmed by the final tally, healthcare spending during 2014 would mark the biggest jump since before the recession.
Economists don't know how much of the recent slowdown was due to the recession and how much came from real changes to the healthcare payments and delivery system.
Read more at Bloomberg Business: http://bloom.bg/1vkkWVd
