Monday, August 20, 2012

CT health care spending growth roughly tracks our GDP

Is health care spending skyrocketing? Yes and no. It is true that total health spending in CT averaged 7.9% annual increases from 1980 to 2009, higher than the 6% growth rate for our overall state economy (Gross State Product, GDP). However when overall economic growth slows, health care spending growth does as well, according to data from the Centers for Medicare and Medicaid Services.