(Washington Times) Health spending spiked by more than 5 percent last year as Obamacare took full effect, according to a new government analysis Wednesday that said the low-growth trend that had prevailed for most of President Obama’s time in office changed as new prescription drugs came on the market and Americans started using more services.
Mr. Obama had enjoyed historically low increases averaging 3.7 percent a year during the first five years or his tenure, but spending rose 5.3 percent, to reach $3 trillion, in 2014, the Centers for Medicare and Medicaid Services estimated.
