Health Spending Continues to Moderate, Cost of Reform Overestimated

A recent report from the Centers for Medicare and Medicaid Services (CMS) shows that national health spending grew at a historically low rate of 3.9 percent in 2010, almost paralleling the 3.8 percent increase in our gross domestic product (GDP) last year. This is somewhat reassuring news for the millions of American families and businesses who have struggled with the explosive growth in health insurance premiums and out-of-pocket costs over the past decade. It’s also good news for the federal government as the slowdown indicates that the cost of health reform has been overestimated. Read the full post...