The Hill, May 9, 2014
A new industry report suggests healthcare spending may not be rising as fast as the Obama administration says it is. Healthcare spending has been down for several years, something many observers pinned to the recession and the slow recovery. It's now definitely on the rise, which could be a sign of an improving economy. But it's not clear at what rate healthcare spending is growing. The administration touted a report last month from the Bureau of Economic Analysis (BEA) that suggested healthcare spending rose $50 billion in the first quarter of this year compared to the last quarter of 2013, which amounts to health spending increasing at an annual rate of about 10 percent.