CMS: Healthcare spending increased to $2.5 trillion in 2009
January 6, 2011
Written by Editorial Staff
The recession slowed healthcare spending in 2009, according to a Centers for Medicare & Medicaid Services (CMS) report on national health expenditures. However, sectors including prescription medications and freestanding home healthcare services logged increases.
Although U.S. healthcare spending increased 4 percent in 2009, this represented a drop from the 4.7 percent increase in 2008. Total health expenditures reached $2.5 trillion, or $8,086 per person in 2009—17.6 percent of the nation’s gross domestic product (GDP), according to the report. Read more