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Trends in U.S. health care spending, 2001
Katharine Levit1, Cynthia Smith, Cathy Cowan
1National Health Statistics Group, Office of the Actuary, Centers for Medicare and Medicaid Services (CMS), Baltimore, USA.
Health Affairs (Project Hope)
|January 17, 2003
Abstract:
U.S. health care spending grew 8.7 percent to $5,035 per capita in 2001. Total public funding continued to accelerate, increasing 9.4 percent and exceeding private funding growth by 1.2 percentage points. This acceleration was due in part to increased Medicaid spending in the midst of a recession and payment increases for Medicare providers. Prompted by sluggish economic growth and by faster-paced health spending, health spending's share of GDP spiked 0.8 percentage points in 2001 to 14.1 percent.