by Peter Suderman
Reason Foundation
August 13, 2014
Reason
The federal Bureau of Economic Analysis reported that health spending in the fourth quarter of 2013 grew at 5.6 percent, up from 2.3 percent in the fourth quarter of the previous year. That faster-paced growth appears to be driven largely by increased use of health services, and it has continued into this year. National health spending in March 2014 grew 7.1 percent faster than in March 2013, the fastest annual rate since 2005, according to researchers at the Altarum Institute. In March, health spending as a share of the economy reached 17.9 percent-an all-time high.



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