Health Care Spending Projected to Top $8 Billion in Alaska
Economists tracking health care expenditures state that Alaska’s spending is growing at an eight percent annual rate. If spending continues at this rate, health care spending could reach approximately $8 billion in 2011. If this trend were to remain consistent, spending would hit $10 billion in 2015 and $14.5 billion in 2020. Alaska’s health costs have been slightly higher than other states for the past two years, mainly because the recession has slowed health care spending in these other states. Cost of technology, medical procedures, state demographics and individual incomes also play a pivotal role in the overall growth of health care spending in the state.
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