ScienceRocks
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Report: U.S. healthcare cost growth slowing down
Published: June 18, 2013 at 9:22 PM
WAHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!
I'm just hoping that this doesn't harm innovation and research.
Published: June 18, 2013 at 9:22 PM
Read more: Ongoing slowdown in healthcare cost growth defies historic patterns - UPI.comNEW YORK, June 18 (UPI) -- U.S. healthcare inflation is projected to drop to 6.5 percent next year despite millions more newly insured Americans added to the system, consultants say.
In its annual report, "Medical Cost Trend: Behind the Numbers," PwC's Health Research Institute said the decline in spending growth -- healthcare inflation -- is a signal of progress in the quest to bend the cost curve, or lower healthcare spending.
The ongoing slowdown in the healthcare growth rate defies historical post-recession patterns and is likely to be sustained even as the Affordable Care Act adds millions more to the insurance rolls, the report said.
From 2001-03 healthcare spending inflation peaked at 8.8 percent in a year, but most of the slowdown since 2008 was due to the weak economy as workers delayed treatment, or people lost jobs and health insurance.
WAHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!
I'm just hoping that this doesn't harm innovation and research.