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The Decade-Long Slowdown in U.S. Healthcare Spending
The Atlantic
Feb. 13, 2013 "Over the past decade, the growth of total U.S. medical spending has actually slowed by about half, falling from an annual rate of more than 8 percent in 2003 to 4 percent in 2012 ... [T]hese numbers do suggest that doctors and insurers have at least begun to get a handle on expenses. While some of the slowdown can be credited to patients cutting back during the recession, the trend started before the economy fell apart and has lasted into the recovery. But here's a red flag: The rate hasn't dropped much in the last few years. Instead, it's stayed roughly even, ranging between 3.5 percent and 5 percent a year since 2010." MORE >> |
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