The health care spending rose in 2010 only 3.9 %, which is the second lowest rate on record, and will make it easier to find affordable health insurance in Brentwood.
Some of the reason why the healthcare cost rose only moderately is due to the “on going recession”. More consumer are avoiding to go to their doctor, using more generic prescriptions and postponing costly elective procedures.
“Persistently high unemployment, continued loss of private health insurance and increased cost sharing led some people to forgo care or seek less costly alternatives.”
The public and private healthcare spending totaled $2.6 trillion, which is 17.9% of the US economy.
The growth in health insurance premium slowed slightly in 2010. Due to the increased federal aid to enroll more uninsured in Medicaid, the federal government spent 29% of the healthcare cost, an increase of 6% compared to 2007.
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