Fierce Healthcare December 5, 2019
The Centers for Medicare & Medicaid Services has released its annual report on national health spending.
Health spending grew at a rate slower than overall economic growth in 2018, though expenditures were up for major payers thanks in large part to the reinstatement of the Affordable Care Act’s health insurance tax, a new report shows.
The Centers for Medicare & Medicaid Services (CMS) Office of the Actuary released its 2018 National Health Expenditures report Thursday, which showed national health spending grew by 4.6% last year, while gross domestic product grew by 5.4%.
This shrinks healthcare’s segment of the economy from 17.9% in 2017 to 17.7% in 2018, according to the report. Spending did grow at a higher...