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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 (446) | 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, 07:00 AM Reply Like
  • dictionshunary
    , contributor
    Comments (209) | 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, 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, 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, 10:34 AM Reply Like
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