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February 24, 2009 at 07:00 PM
The amount U.S. residents spent on public and private health insurance administrative costs rose only 3.6% in 2007, down from 8.4% in 2006.
Economists and actuaries in the Office of the Actuary at the Centers for Medicare and Medicaid Services are making that prediction in a paper published in the Web edition of Health Affairs, a scientific journal that focuses on the delivery and financing of health care.
The research team, led by Micah Hartman, an economist at the CMS national health statistics group, is estimating that overall national health expenditures increased 6.1% in 2007, to $2.2 trillion, while national health expenditures per person increased 5.1%.
The annual increase in U.S. gross domestic product was 4.8%.
Total “NHE” accounted for 16.2% of GDP in 2007, up from 16% in 2006.
