U.S. healthcare spending growth at historic low rate

Share this article:
Financial outlook is grim for not-for-profits, analyst says
Financial outlook is grim for not-for-profits, analyst says

Overall spending on healthcare in the United States grew at historically low rates in 2009 and 2010, according to a report from the Centers for Medicare & Medicaid Services.

Healthcare spending grew 3.9% in 2010, reaching $2.6 trillion, which was 0.1 % more than in 2009.

Medicare spending grew at a decelerated rate in 2010 at 5%, down two percentage points from 2009. Medicaid, which pays for a majority of nursing home care, saw a growth of 7.2% in 2010, compared to an 8.9% growth in 2009.

While CMS attributed the lower healthcare costs to the Affordable Care Act, other analysts said it's due to less use of healthcare services stemming from high unemployment.

Click here to read more about the report.

Share this article:

More in News

CCRC executive director salaries hold steady, therapy directors get boost

Continuing care retirement community executive director salaries have barely increased in the past year, while therapy and rehabilitation directors received a boost, a new report shows. The average salary for a therapy and rehab director is currently $95,905.

Rape investigation blocked by nursing home's HIPAA concerns, authorities say ...

Florida authorities say a nursing home is citing privacy laws to impede the investigation of a possible resident rape, according to local news reports.

Jury hands down $14 million negligent care verdict to 'send message' to nursing homes

Jury hands down $14 million negligent care verdict ...

A Massachusetts jury has awarded $14 million to the family of a nursing home resident who died due to a pressure ulcer, dehydration and other conditions linked to negligent care, ...