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Drugs, insurance costs behind latest spike in healthcare spending
Modern Healthcare

Drew Altman, executive director of the Kaiser Family Foundation, is usually an astute observer of the healthcare scene. But his latest column on the Wall Street Journal website missed identifying the main drivers behind the recent uptick in healthcare spending.

The Altarum Institute last week reported that overall healthcare spending in December rose 5.6%, up from a 4.5% growth rate a year ago and 3.3% in December 2012. When compared to the growth rate in the overall economy, healthcare is once again sprinting ahead.