Health Care Spending Growth Is Slow For The Third Year

US-POLITICS-ECONOMY-OBAMA

According to a report by federal auditors, the U.S. health care spending is at the lowest rates between 2009 and 2011.

The federal government, state governments, businesses and households combined to spend $2.7 trillion in 2011, an increase of 3.9 percent over 2010.

Health care spending made up 17.9 percent of gross domestic product in 2011, the same as during 2010.

The report says, Economic growth and health care spending grew at about the same rate.

Since 2000, the health care spending has almost doubled and almost quadrupled since 1990.

Previous economic downturns that forced people to go without needed medical care when times were tough.

Spending on subsidized health coverage for as many as 30 million people won’t start until 2014.

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