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Healthcare Spending Growth Rates Slowing Down
1. Healthcare Spending
Growth Rates
Slowing Down
2012
4.1 %
2013
3.6 %
Total tab for healthcare
spending in 2013:
$2.9 trillion = $9,255 per
person.
This equates to
17.4%
of the US economy.
Medicare in 2013:
3.4% to $585.7 billion
From 4.0% in 2012.
Slower growth in:
Private Health Insurance
Premiums in 2013:
2.8% to $961.7 billion
From 4.0% in 2012.
Hospital Spending in 2013:
4.3% to $936.9 billion
From 5.7% in 2012.
Physician and Clinic Services Spending in 2013:
3.8% to $586.7 billion
From 4.5% in 2012.
Out-of-Pocket Spending
in 2013:
3.2% to $339.4 billion
From 3.6% in 2012.
Faster growth in:
Medicaid in 2013:
to 6.1% to $449.4 billion, from 4.0% in 2012
Retail prescription drug spending in 2013:
to 2.5% to $271.1 billion, from 0.5% in 2012
Data source:
http://www.cms.gov/Newsroom/MediaReleaseDatabase/Press-releases/2014-Press-releases-
items/2014-12-03-2.html
Medical Business Systems - Keeping you informed.
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http://www.iridiumsuite.com/medical-billing-blog