Medicaid

U.S. health care spending growth slowed last year

U.S. health care spending growth slowed last year

U.S. spending on health care increased 4.3 percent last year to $3.3 trillion, or $10,348 per person, according to an annual report released last week by the Centers for Medicare & Medicaid Services.

The rate of spending slowed compared to the previous two years, the Baltimore-based agency reported. Spending grew by 5.1 percent in 2014 and 5.8 percent in 2015.

Health care spending represented 17.9 percent of the economy, a slight increase from 2015 when it was 17.7 percent.

The slowing growth was attributed to less spending on prescription drugs, particularly brand name drugs used to treat hepatitis C, the report said. There were also fewer new drug...