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U.S. health spending growth slowed in 2016

Summary:

According to a new report released by CMS, the upward trajectory of U.S. healthcare spending slowed in 2016 compared to the previous two years. In 2016, spending on health care grew to 17.9% of U.S. gross domestic product – an increase of 4.3%. By contrast, spending increased more than 5% in both 2014 and 2015, as the Affordable Care Act expanded coverage on the individual health insurance market and in Medicaid and as new, high-cost prescription drugs entered the market.

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