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U.S. health spending recovers after two slow years: CMS


Added 12-07-19 05:10:03am EST - “(This Dec. 5 story corrects first paragraph to say growth was slower not decline...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “U.S. health spending recovers after two slow years: CMS”. Below is an excerpt from the article.

(This Dec. 5 story corrects first paragraph to say growth was slower not declined in previous years, removes reference to projected spending in eighth paragraph)

(Reuters) - U.S. healthcare spending grew faster in 2018 after two slower growth years, a government health agency reported on Thursday.

The total national health expenditures last year grew 4.6% to $3.6 trillion, or $11,172 per person, boosted by faster growth in private health insurance and government-sponsored health insurance programs, the U.S. Centers for Medicare and Medicaid Services (CMS) said.

The federal government and households were the largest sponsors, each contributing 28% to the total spending in the year.

Increased net costs drove up private health insurance spending by 5.8% to $1.2 trillion in 2018, faster than the 4.9% growth in the year before.

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