“It is very remarkable”, says Senator Reid
On December 4, 2014 Senator Harry Reid of Nevada asked for and was granted permission to address the US Senate concerning a remarkable matter – a reduction in the growth of spending on health care in the US:
“Mr. President, a brief word. I was struck this morning by looking at the newspapers and listening to the news that:
Spending on health care in the United States grew in 2013 at the lowest rate since the Federal Government began tracking it in 1960. …..
It was the fifth straight year of exceptionally small increases in the closely watched indicator. The data defied critics who had said such growth would not continue for long once the recession ended in mid-2009.
Health care spending was up last year but only 3.6 percent. It is very remarkable.
As I indicated:
The 3.6 percent increase in 2013 is the lowest increase on record in the national health expenditures going back to 1960. ”
Source: Congressional Record