WASHINGTON — Overall health spending increased by 3.6% in 2013, the lowest annual rate of increase since 1960, according to the Centers for Medicare and Medicaid Services (CMS).

Total health expenditures in the U.S. were $2.9 trillion last year, or about $9,200 per person, the agency reported Wednesday. The figures were also published online in Health Affairs.

Spending growth for physician and clinical services was also down, dropping from an increase of 4.5% in 2012 to 3.8% growth in 2013. “Slower price growth in 2013 was the main cause of the slowdown [in this sector], as prices grew less than 0.1%,” CMS said in a press release.

Continue Reading

READ FULL ARTICLE Curated publisher From Medical Page Today