Healthcare spending grew at twice the rate of the economy in the 2nd quarter. According to the U.S. Commerce Department, healthcare spending grew at a rate of 4.9%, while the overall economy grew at a rate of 2.3% in the same quarter. Moreover, the healthcare sector grew 5.7% in the first quarter of this year, compared to the same period in 2014. The CMS actuaries’ annual outlook predicted that health care spending would grow at a rate of 5.8% annually between 2014 and 2024, which is significantly faster than the overall rate of economic growth.
To read more from Caroline click here
To read more from Modern Healthcare click here