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Health Care Spending in U.S. Increases 7.2 Percent

Health care spending rose 7.2 percent last year -- the largest jump in a decade -- due in large part to sizable increases in hospital and pharmaceutical costs, according to a report released yesterday.

In addition, researchers at the Center for Studying Health System Change, the nonpartisan research group in Washington that prepared the report, warned that the sluggish economy and broad trends in the industry portend higher out-of-pocket health costs for consumers.

"The volatile combination of rising costs, increasing premiums and a slowing economy have set the stage for consumers to pay more for care and an increase in the number of uninsured Americans," said Paul Ginsburg, one of the three ...

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