Health Spending Picking Up Again After Half-Decade Slowdown

September 3, 2014 8:50 PM

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Health Spending Picking Up Again After Half-Decade Slowdown

Almost $1 in every $5 of the nation's economy will be devoted to health-care spending by 2023, according to a new official projection that sees health costs once again accelerating this year after a half-decade of unusually slow growth.

Expanded medical coverage from Obamacare, an aging population and a healthier economy all will contribute to faster health spending growth equal to an average rate of 5.7 percent per year over the decade from 2013 to 2023, federal officials said Wednesday. But that still is lower than the 7.2 percen...

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