News Headlines Article

Health care spending again accelerating

Health care spending is rising at a faster clip than at any time since the Great Recession, with costs ticking up by 5.5 percent in 2014, CMS announced Tuesday.

Over the next decade, health care costs are expected to rise by 5.8 percent annually, according to the agency’s latest projections. The growth in spending is being driven by the coverage expansion provisions of the Affordable Care Act, the continuing economic recovery and a population that’s steadily aging.