US marks four straight years of slowing health costs

January 6, 2014 by Ricardo Alonso-Zaldivar

President Barack Obama's health care law has divided the nation, but government experts are saying his first term produced historically low growth in health costs.

A report Monday from nonpartisan experts at the Centers for Medicare and Medicaid Services concluded that 2012 was the fourth straight year the nation's tab grew at a more manageable pace—3.7 percent.

And the U.S. economy grew faster than health care, making it easier to pay the nation's medical bill.

America still spends a whole lot. Health care spending reached $2.8 trillion in 2012. That averages out to $8,915 for every man, woman and child.

While the White House sees vindication, it's too early to say if this is a lasting turnaround that Obama can claim as part of his legacy.

Explore further: Unusual respite from surging health care costs

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2 comments

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freethinking
1 / 5 (1) Jan 06, 2014
non partisan my foot. Health care costs have soared. More lying from Progressives....

Question is no longer when does a progressive lie, but when doesn't a progressive lie.

Obama lied.
freethinking
1 / 5 (1) Jan 06, 2014
For all you who voted for Obama to get Obamacare, thanks a lot. My premiums went up tremendously and my coverage went down. If you voted for Obamacare and you work for a company that provides healthcare.... just wait till the end of this year...... Unless you work for a government privileged company, you too will find you will lose your insurance and your doctors.

And for those that voted for Obama to get healthcare.... stupid is as stupid is..... did you get any yet? If you did, do you realize it covers next to nothing?

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