Healthcare Spending on an Uptick

Bloomberg News reports that a new analysis of preliminary government data by the Altarum Institute research group shows healthcare spending is on the rise again after “five years of historically slow growth.” The analysis shows “health spending increasing by 5 percent last year, compared to 3.6 percent in 2013.” If the final tally confirms the numbers, “health-care spending during 2014 would mark the biggest jump since before the recession.” The article says, however, that the jump in spending for 2014 was not unexpected, as millions “of Americans have now gained health insurance through the Affordable Care Act exchanges, expanded state Medicaid programs, and jobs created by employers.”

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Jeffrey R. Ungvary President

Jeffrey R. Ungvary