U.S. healthcare spending growth at historic low rate

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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.

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