U.S. health costs recovers after two sluggish years: CMS

U.S. health costs recovers after two sluggish years: CMS

FILE IMAGE: A nurse walks along the corridors of an university hospital in Lepanto, Arkansas, U.S., May 2,2018 REUTERS/Karen Pulfer Focht

(This Dec. 5 story remedies first paragraph to state growth was slower not declined in previous years, removes reference to forecasted costs in 8th paragraph)

( Reuters) – U.S. healthcare spending grew quicker in 2018 after two slower growth years, a government health company reported on Thursday.

The total national health expenditures in 2015 grew 4.6%to $3.6 trillion, or $11,172 per person, improved by faster growth in personal health insurance and government-sponsored medical insurance programs, the U.S. Centers for Medicare and Medicaid Solutions (CMS) stated.

The federal government and households were the biggest sponsors, each contributing 28%to the total spending in the year.

The expense of health as a share of the economy decreased 0.2 indicate 17.7%in2018

Increased net costs drove up personal medical insurance spending by 5.8%to $1.2 trillion in 2018, faster than the 4.9%growth in the year before.

Consumers likewise paid more out-of-pocket for retail prescription drugs, medical equipment and dental services last year, balancing out a fall in medical facility care expenses, CMS said.

Non-price aspects such as the usage and mix of drugs taken in increased spending on retail prescription drugs, which grew 2.5%in 2018 to $335 billion, representing 9%of total health care costs.

As more U.S. citizens end up being qualified for Medicare, the federal health insurance program for people aged 65 and above and the disabled, health spending in the nation will grow at an average rate of 5.5%every year from 2018 over the next decade, CMS stated previously this year.

Reporting by Manojna Maddipatla in Bengaluru; Modifying by Shailesh Kuber and Frances Kerry

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