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Report: Rise in health care spending lowest on record
WASHINGTON Health care spending since the 2010 passage of the Affordable Care Act has risen by 1.3% a year, the lowest rate ever recorded, and health care inflation is the lowest it has been in 50 years, a report released Wednesday by the White House shows.
Per capita spending has grown at a rate of 1.3% since 2010, the lowest recorded rate for any three-year period on record, according to the report, which was conducted by the White House Council of Economic Advisers.
Price inflation rose by 1%, the council found the lowest since 1962.
Furman said the trends mean reduced costs for employers, and could lead to 200,000 to 400,000 new jobs per year by the second half of the decade.
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Interesting report. Imagine how much better things could be if Republicans supported the country instead of trying to destroy the government?
WASHINGTON Health care spending since the 2010 passage of the Affordable Care Act has risen by 1.3% a year, the lowest rate ever recorded, and health care inflation is the lowest it has been in 50 years, a report released Wednesday by the White House shows.
Per capita spending has grown at a rate of 1.3% since 2010, the lowest recorded rate for any three-year period on record, according to the report, which was conducted by the White House Council of Economic Advisers.
Price inflation rose by 1%, the council found the lowest since 1962.
Furman said the trends mean reduced costs for employers, and could lead to 200,000 to 400,000 new jobs per year by the second half of the decade.
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Interesting report. Imagine how much better things could be if Republicans supported the country instead of trying to destroy the government?