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Medical expense trend declines in 2010

The amount of money health plans dispensed to pay for medical and hospital benefits finally slowed.

By Kathryn Mayer | Updated on November 01, 2011

A new report shows the amount of money health plans dispensed to pay for medical and hospital benefits finally slowed after significant increases over the past decade. Total medical expenses grew just 1.7 percent in 2010, from $395 billion in 2009 to $401 billion in 2010, according to the report by Mark Farrah Associates. Medical expenses on a per person per month basis which escalated at nearly 8 percent per year from 2002-2008, increased 4.9 percent in 2009 and grew only 1.1 percent in 2010.

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