Growth of Health Care Spending Remains at Historic Low

"Today, we got some very good news when the official numbers for health care spending were released. New statistics from the Centers for Medicare & Medicaid Services show that the overall growth in health spending was at a historic low for the third year in a row."

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"The health care law takes other steps to save money for consumers. One provision of the law, called rate review, prevents insurance companies in all states from raising rates with no accountability or transparency. These new standards ensure that insurance companies justify their actions if they want to raise rates by 10 percent or more. So far, rate review has helped to save Americans an estimated $1 billion on their premium bills."

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