WASHINGTON | Report: US health spending hits $3.5T but growth slows
WASHINGTON — A government report says the nation’s health care tab hit $3.5 trillion last year, or $10,739 per person. But behind those staggering figures is some fairly good news:
The rate of growth slowed for the second year in a row, economic experts at the federal Health and Human Services department reported Thursday.
Health care spending increased by 3.9 percent in 2017, following a 4.8 percent increase in 2016.
Private insurance spending grew more slowly in 2017, and so did Medicaid, while Medicare costs grew at about the same rate.