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Health care spending expected to increase over decade, but at historically low rate
Due to expanded health insurance coverage from the ACA, as well as the aging population and economic growth, health care spending is projected to increase at a rate of 5.8% annually between 2014 and 2024, according to recently published data in Health Affairs. However, this annual increase remains low in comparison with the 9% annual increase seen in health care spending prior to 2008’s recession.