News Headlines Article

Health spending moderate even though millions gain insurance
Modern Healthcare

U.S. spending on hospitals, doctors and other health services did not surge last quarter even as millions of uninsured gained coverage from health plans sold earlier in the year, according to survey data from the U.S. Census Bureau.

Health spending grew at an annualized rate of 3.7% last quarter, according to an analysis of the data by the Altarum Institute. Spending growth for physicians slowed sharply, to an annualized 0.6% in the second quarter while overall ambulatory spending slowed to 2.4%. Hospital spending growth remained largely steady at an annualized rate of 4.9%.