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Growth rate in U.S. health care costs may decline: slower rise in hospital, drug spending.(Practice Trends)
Publication: Skin & Allergy News Publication Date: 01-APR-04 Author: Frieden, Joyce
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COPYRIGHT 2004 International Medical News Group
What goes up must ... not keep going up quite as fast.
At least that's what the Centers for Medicare and Medicaid Services (CMS) is predicting will happen to health care costs. Although the numbers for last year are still being crunched, CMS has predicted that health care spending in 2003 will have grown 7.8%, down from 9.3% in 2002. And for the coming 10 years, the agency predicts average yearly growth in health care costs of 7.3%.
"The deceleration in the health care spending growth...
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