Health Care Spending Growth Stays In High-Altitude Holding Pattern In 2005
Tuesday, October 3rd, 2006Health Affairs: The Policy Journal of the Health Sphere
For immediate release
Tuesday, October 3, 2006
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Christopher Fleming
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Health Affairs Study Pegs 2005 Health Care Spending Growth At 7.4 Percent, Much Faster Than Growth In The Economy And Workers’ Wages
Bethesda, MD — Health care spending growth stayed in a high-altitude holding pattern in 2005 as costs per privately insured American grew 7.4 percent — virtually the same rate of increase as the previous two years, according to a study by the Center for Studying Health System Change (HSC) published today as a Web Exclusive in Health Affairs.
Health spending growth continued to outpace overall economic growth in 2005, despite a robust 5.4 percent increase in the overall U.S. economy as measured by per capita gross domestic product (GDP), the study found. After peaking at 10.4 percent in 2001, health care spending growth slowed to 7.8 percent in 2003, followed by a 7.5 percent increase in 2004. Spending data for the first quarter of 2006 suggest continued stability — albeit at a relatively high rate of growth (7.7 percent). (more…)