SPENDING: Medicaid, Managed Care Restrictions Put The Brakes On Spending Growth
Reduced Rx spending wasn't the only factor playing 2004's declining health care spending growth ratePrescription drug spending played an integral role in slowing down aggregate health care spending growth in 2004--but that's not the full story. The Centers for Medicare & Medicaid Services also attributes 2004's diminished spending growth to these key factors:• Recent economic growth in 2004 offset the spending increase for health care in the nation's Gross Domestic Product, the report claims. Health care costs during 2004 accounted for 16 percent of the GNP--up 0.1 percentage point.• Managed care restrictions dating back to...
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