News Headlines Article

Health spending grew 3.6% in 2013, slowest pace on record, U.S. says
Los Angeles Times

Health spending in the U.S. grew in 2013 at the slowest rate ever recorded, a new government study indicates, marking the extension of a historic slowdown in medical spending that began after the last recession.

Total spending on healthcare increased just 3.6% last year to $2.9 trillion, according to the study from independent analysts at the Department of Health and Human Services. That is down from 4.1% in 2012 and way down from 2002, when health spending increased by nearly 10%.