New projections for U.S. health spending, released earlier this week, were the latest figures to suggest that households and employers have responded to the weak economy by spending less on healthcare.
The trend has been pronounced in federal spending estimates and projections since 2009, when U.S. health spending growth hit a historic low rate of 3.8%. (The average annual growth rate, since record keeping began in 1960, is 9.6%.) The first look at 2011, included in this week's data, shows the “lingering effects of the recent recession and modest recovery,” wrote the economists and actuaries who compiled the projections for the CMS in the journal Health Affairs.
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