Industrial Insight

healthcare spending slowing down… | February 17, 2012

http://online.wsj.com/article/SB10001424052970204792404577227050656680024.html?mod=WSJ_Opinion_LEFTTopOpinion

  • FEBRUARY 17, 2012

The Myth of Runaway Health Spending

The growth rate of national health expenditures has been declining for a decade, driven by better medical care and consumer choice.

By J.D. KLEINKE

As the graph nearby shows, the growth rate of national health expenditures, according to data compiled by the Centers for Medicare and Medicaid Services, has been moderating since 2002.

The moderation has been driven by cumulative improvements in medical care and by insurers, and by marketplace disciplines on the demand for medical care. Consumers are finally getting more involved in managing and paying for their own care.

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I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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