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U.S. to Pay Bigger Share of Rising Cost of Health Care

July 28, 2011
by Steven Reinberg
U.S. News & World Report (Healthday)

The rate of growth in U.S. health care spending is expected to pick up speed so that the nation will shell out $4.6 trillion for services by 2020, a new report finds.

And an increasing amount of that bill -- almost half -- will be paid for by government.

Growth in health care spending dipped to a "historic low" of 3.9 percent in 2010 because of the recession, the experts said. But the new report, from Medicare's Office of the Actuary, projects that by 2014 -- when many provisions of the new health care reform law kick in -- growth in spending will accelerate to 8.3 percent.

 

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