IE 11 is not supported. For an optimal experience visit our site on another browser.

Health Spending Set to Start Growing Faster

Health spending’s been damped down by the recession but it’s set to star growing at a faster pace again next year, according to a new projection.

Health spending’s been damped down by the recession but it’s set to start growing at a faster pace again next year, according to a new projection.

Spending by people whose employers provide their health insurance — that’s most Americans — will grow by 6.8 percent next year, the Health Research Institute at PriceWaterhouseCoopers predicts. That’s up from 6.5 percent growth for this year, but still modest compared to double-digit increases in the '90s and 2000s, the group says.

And PwC doesn’t see a return to that out-of-control growth that makes health spending $2.8 trillion a year in the U.S. — 17 percent of the annual gross domestic product. Health insurance plans that require high deductibles are making patients more cost-conscious, the group says, encouraging them to use fewer brand-name drugs and see the doctor less often.

IN DEPTH

-Maggie Fox