Healthcare spending jumps 5.3% in 2014

Healthcare spending, which had been subdued to historic lows in recent years, has rebounded in big way, according to a new federal study. The study, conducted by the Office of the Actuary at the Centers for Medicare & Medicaid Services and published in the journal Health Affairs, concluded that last year, U.S. healthcare spending grew at a rate of 5.3 percent, reaching $3 trillion in total expenditures for the first time, or the equivalent of $9,523 per person. By contrast, healthcare spending grew at an average annual clip of 3.7 percent. In 2013, it grew at a much lower pace, 2.9 percent. Read the full article at FierceHealthFinance

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