Moderate growth seen for health care spending; government to pick up half the tab by 2024

Health care spending will increase by nearly 6 percent a year over the next decade, according to estimates by federal government actuaries. That’s well below the 9 percent annual growth experienced in the three decades before the great recession hit in 2007. From 2008 to 2013, health care spending grew by a historically low 4 percent average rate, then rose to 5.5 percent in 2014, due to gains in health insurance coverage through the Affordable Care Act and a substantial increase in prescription…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news