tci Part B Insider - 2004 Issue 23

HEALTH CARE SPENDING SLOWS, BUT STILL SKYROCKETS

The growth rate of health care spending may have eased up a bit, but the growth still remains monstrous. That's the results of a new study by the Center for Studying Health System Change. The Center found American privately insured health spending increased 7.4 percent in 2003, the slowest rise in almost a decade but still twice the rate as the overall economy. The growth rate was 9.5 percent in 2002 and 10 percent in 2001. The growth rate for prescription drugs was 9.1 percent in 2003, much lower than 2002's 13.2 rise and 1999's...

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