News Headlines Article

Health care spending grows at slower rate
Sacramento Bee

U.S. health care spending in 2010 grew at the second-slowest rate in 51 years, as patients continued to postpone hospitalizations, fill fewer drug prescriptions and avoid doctor visits in the aftermath of the Great Recession, according to a government report released Monday. Because health care is considered a necessity, slowdowns in spending for medical services typically emerge about two years after an economic downturn. But high unemployment, the loss of job-based health coverage and plummeting household incomes caused national health spending to slow almost immediately after the Great Recession began in December 2007.