Growth of healthcare costs remained muted in 2012


National healthcare spending grew less than 4% for the fourth year in a row in 2012, rising 3.7% to $2.8T, a report by the Centers for Medicare & Medicaid Services shows.

As a proportion of the total economy, expenditure edged down to 17.2% from 17.3%.

The authors of the report said that the continued slow increase in spending was due to the lingering impact of the recession but that Obamacare has had a limited effect. However, the White House said the figures vindicated the President's signature policy.

The authors were also cautious about whether the trend will continue, or whether growth will return to the higher levels experienced prior to the recession.

The cost of hospital care rose 4.9% in 2012 and that for doctors' services and outpatient clinics 4.6%, although spending on prescription drugs increased just 0.4%, due to patent expiries.

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Comments (4)
  • rambler1
    , contributor
    Comments (976) | Send Message
     
    "The White House said it vindicated its Obamacare signature policy". It was only implemented on January 1st of this year, not 2012 as the statistic discusses . Spending is becoming muted because of higher co-pays and coinsurance. The man in the Oval office really likes to spin b.s.
    7 Jan 2014, 07:00 AM Reply Like
  • dictionshunary
    , contributor
    Comments (685) | Send Message
     
    I agree Ron, there is literally nothing believable that comes from POTUS or his minions anymore. It is something that really saddens me. No leadership, just spin.
    7 Jan 2014, 09:29 AM Reply Like
  • jmanreis
    , contributor
    Comments (2) | Send Message
     
    What are you talking about? The preventive services mandate for non grandfathered plans has been in effect for a couple of years now.
    8 Jan 2014, 10:34 AM Reply Like
  • jmanreis
    , contributor
    Comments (2) | Send Message
     
    What do you mean by Jan 1st? The preventive services mandate for non grandfathered plans has been in place for a few years now.
    8 Jan 2014, 10:34 AM Reply Like
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