The rate of growth in health care spending has been declining in the past few years, but it still remains higher than overall inflation. The result: added cost pressures on private and public payers and patients.
The latest data from the Centers for Medicare & Medicaid Services (CMS), released January 5 and published in Health Affairs, show that in 2007, total health care spending grew 6.1% to $2.2 trillion, or $7421 per person (Hartman M et al. Health Aff [Millwood]. 2009;28:246-261). The growth rate was the lowest since 1998 but still outpaced the 2.8% inflation rate. The 2007 spending growth rate continued a recent decline, from 8.2% in 2004 to 6.8% in 2005 and 6.7% in 2006.
Mitka M. Growth in Health Care Spending Slows, But Still Outpaces Rate of Inflation. JAMA. 2009;301(8):815-816. doi:10.1001/jama.2009.85