RevCycle Intelligence December 6, 2018
Healthcare spending totaled $3.5 trillion, or $10,739 per person, in 2017, but the growth of expenditures is starting to decelerate, CMS actuaries report.
Healthcare spending grew at a rate of 3.9 percent in 2017, slowing to rates observed during the 2008 to 2013 period, CMS actuaries recently reported.
The analysis from the Office of the Actuary at CMS, published by Health Affairs, showed that healthcare spending growth continues to slow. Growth slowed for the second consecutive year after healthcare spending accelerated 4.8 percent in 2016 and 5.8 percent in 2015.
The 2017 healthcare spending growth rate is nearing the average annual rate observed from the 2008 to 2013 post-Great Recession period, which predated major insurance coverage expansions under the Affordable Care Act and Medicaid...