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Article: SPENDING ON HEALTH CARE RISES 7 PERCENT HOSPITALS, DRUG COSTS CONTRIBUTE TO FASTEST ACCELERATION IN 12 YEARS
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- January 8, 2002
- Author:
CopyrightCopyright 2002 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Despite the efforts of managed-care companies to control costs, US
health care spending rose 7 percent in 2000, the fastest increase in
more than a decade.
Federal researchers said that 7 percent was not the biggest single
jump ever in one year. But they said that considering health care
spending grew just 5.7 percent in 1999, it was the fastest year-to-
year acceleration in 12 years.
"This very well may be the end of an era" when managed care kept
costs in check, said Katharine Levit, director of the National Health
Statistics Group, which conducted the study along with the Centers
for Medicare and Medicaid Services. "We have had a very unusual set
of circumstances since 1992. Now we are ...