CMS report cites slowdown in health care spending in 2008

01/5/2010 | Reuters · · USA Today

U.S. spending on health care increased 4.4% to $2.3 trillion in 2008, the slowest rate of growth in about 50 years, a new CMS report shows. Spending on prescription drugs also continued a slowing growth trend that began about 10 years ago. Despite the decline in the growth rate, medical costs accounted for 16.2% of the gross domestic product, amounting to about $7,681 per person during that year, according to the report.

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Reuters · · USA Today