Health Care Spending Growth Slows for 3rd Year in a Row

While most free marketers did not support President Bush’s massive expansion of Medicare, the introduction of Health Savings Accounts (I love my HSA!) was a positive outcome of the costly legislation. Curiously enough, as Investor’s Business Daily points out, the percent of increase in health care costs has actually slowed down in recent years.
While this is something of a minor victory, it is a promising sign that increased reliance on consumer driven health care (HSA’s are the best example) will slow the rapid increase in medical spending. This is something that Governor Richardson and Democrats in Congress may want to consider before they again expand government’s role in health care.

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