tci Part B Insider - 2006 Issue 3

PHYSICIAN NOTES: Health Care Spending Shows Signs Of Slowing

Growth rate down from 9.1 percent to 7.9 percent Changes in prescription drug use helped put the brakes on health care spending growth in 2004, according to an annual report the Centers for Medicare & Medicaid Services’ Office of the Actuary released Jan. 10. Health care spending was $1.9 trillion in 2004--$6,280 per person, according to the report. The 7.9 percent healthcare spending growth rate has slowed from 9.1 percent in 2002 and 8.2 percent in 2003. The growth rate for prescription drug spending decelerated to 8.2 percent in 2004, CMS...

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