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

CMS expands therapy payment research

The government is expanding its research into alternative therapy payments, to consider more holistic changes to the way Medicare reimburses skilled nursing facilities, the Centers for Medicare & Medicaid Services announced Tuesday.

CDC tightens Ebola guidelines for healthcare workers

The Centers for Disease Control and Prevention has issued more stringent guidelines for how healthcare workers should interact with Ebola patients, following an outcry from nurses and other professionals.

Nonprofit providers face alarming market forces, must rally, LeadingAge chairman says

Nonprofit providers face alarming market forces, must rally, ...

Nonprofit long-term care providers must work together to address alarming trends, or their market share could plummet and the sector as a whole could falter, LeadingAge Chairman David Gehm told ...