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America's health spending in 2014 hits US$3 trillion

Total expenditure up 5.3% as Affordable Care Act's new provisions take effect


HEALTH spending in the US last year topped US$3 trillion - an average of US$9,500 a person - as five years of exceptionally slow growth gave way to the Affordable Care Act's expansion of Medicaid and private insurance coverage, and as prescription drug prices resumed their...