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CMS: US health care spending grew at slower rate for 2nd year in a row

An analysis from the CMS Office of the Actuary showed growth in US health care spending slowed for the second consecutive year in 2017, increasing by 3.9% to $3.5 trillion, compared with 4.8% in 2016 and 5.8% in 2015, amid slower growth in spending for prescription drugs as well as hospital care, physician and clinical services. Spending growth for Medicaid and private health insurance also slowed, while Medicare program spending held steady.

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