Health Spending Growth Picks Up

Inflation-adjusted spending on health services increased 4.1 percent in 2014, after having increased just 1.9 percent in 2013, according to the most recent release of the Census Bureau’s Quarterly Services Survey (QSS). Spending stepped across a wide variety of categories, including hospitals, nursing homes, home health, and physician and other clinical services. Spending on pharmaceuticals and other medical goods rose even more sharply, rising over 9 percent in 2014, according to data released by the Bureau of Economic Analysis in February.

So much for Obamacare.

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