Healthcare Financing

Growth in health care spending again drops

Published in Managed Care Business Week, June 29th, 2004

The rate of growth in health care spending fell for the second year in a row in 2003 as demand for health services dropped because workers were forced to pick up more of the tab for their care and a surge from a change in managed care policies ebbed.

However, experts said costs are still outpacing inflation and remain a grave concern as more people can't afford health care.

Health care spending per privately insured person increased 7.4% last year, down from a 9.5% rise in 2002 and 10% gain in 2001, according to a report by the Center for Studying Health System Change, a public-policy research organization in Washington, DC.

The...

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Source: Managed Care Business Week (2004-06-29)

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