TITLE

Health Spending Growth Slows In 2003

AUTHOR(S)
Smith, Cynthia; Cowan, Cathy; Sensenig, Art; Catlin, Aaron
PUB. DATE
January 2005
SOURCE
Health Affairs;Jan/Feb2005, Vol. 24 Issue 1, p185
SOURCE TYPE
Academic Journal
DOC. TYPE
Abstract
ABSTRACT
The pace of health spending growth slowed in 2003 for the first time in seven years, driven in part by a slowdown in public spending growth. U.S. health care spending rose 7.7 percent in 2003, much slower than the 9.3 percent growth in 2002. Financial constraints on the Medicaid program and the expiration of supplemental funding provisions for Medicare services drove the deceleration. U.S. health spending accounted for 15.3 percent of U.S. gross domestic product in 2003, an increase of 0.4 percentage points from 2002.
ACCESSION #
15610469

 

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