Generic Drugs Help Consumers Spend Less

By: Associated Press
By: Associated Press

With consumers turning more to generic drugs, a government report finds spending on health care slowed a bit in 2007.

The 6.1 percent growth rate for all health care spending was the slowest since 1998.

Officials say the good news on slowing the increasing costs of health care extended only to prescription drugs.

Spending on all other major health sectors, such as hospitals, doctors, nursing homes and home health, grew at the same rate or slightly faster than the year before.

Overall, Americans spent $2.2 trillion on health care in 2007. That's an average of $7,421 a person for the year.

The entire report appears in the journal Health Affairs.

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