News Headlines Article

U.S. healthcare spending rises 3.9% in 2010
Los Angeles Times

U.S. healthcare spending grew at the second-lowest rate on record in 2010 as recession-spooked consumers avoided going to the doctor, taking expensive prescription drugs and undergoing costly elective procedures.

Public and private healthcare spending totaled $2.6 trillion, representing 17.9% of the U.S. economy, the same proportion as in 2009, according to a government report released Monday. That was a sharp departure from previous years, when healthcare consumed ever-larger shares of the economic pie.