Healthcare spending totaled $2.7 trillion in 2011 and accounted for 17.9% of the nation's gross domestic product, according to the Centers for Medicare & Medicaid Services. Health outlays rose by 3.9% in 2011, which was identical to the increases seen in both 2010 and 2009.
The Centers for Medicare & Medicaid Services has released a regulation increasing Medicare payments to hospices by 1.4% for fiscal year 2010.
The Centers for Medicare & Medicaid Services on Wednesday proposed reducing Medicare payment rates for physicians by 21.5% in calendar year 2010. It also disclosed other physician payment reforms as part of the administration's healthcare reform agenda.