The 6.9 percent growth in 2005 marks the slowest rate of growth in health spending since 1999, when growth was 6.2 percent. Health care spending reached almost $2.0 trillion in 2005, or $6,697 per person, up from $6,322 per person in 2004.
So the rate at which healthcare spending continues to increase is decreasing. That is better than increasing at an increasing rate. However, it is already a huge drag on the economy and the need is for the expenditures to actually decrease (not slow down the rate of increase) and for performance to improve. There are good things being done but much more is needed. Health care costs are a huge cost for companies.
Related: USA Health Care Costs reach 15.3% of GDP – the highest percentage ever (2 years ago) – Health care spending rose at twice the rate of inflation in ’05 – Health Care Costs Approach $2 Trillion – Excessive Health Care Costs article directory – Bill takes on prescription costs