Healthcare spending slows for 2nd consecutive year, remains at 18% of GDP
December 06, 2018 / Evan Sweeney
Healthcare spending in the United States decelerated once again in 2017 to a growth rate of 3.9%, nearly a full percentage point lower than in 2016, according to new statistics released by the federal government on Thursday. It’s the second consecutive year that healthcare spending has slowed, stabilizing healthcare’s share of the nation’s gross domestic product at 17.9%. Healthcare spending totaled $3.5 trillion, or $10,739 per person, and grew at a slightly slower rate of the overall GDP. The lower rate is attributed to slower growth in the use and intensity of services in hospitals, clinics and physician offices, which make up 63% of healthcare spending, according to data released by the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS) and published in Health Affairs.