Consumers are still forking over increasingly more bucks for health insurance premiums especially those who don’t get coverage from employers and have to buy their own. (Photo: Shutterstock)

Spending on health care reached $3.5 trillion in 2017, or about $10,739 per person, and although the rate has slowed, individuals aren’t seeing much of the benefit.

Figures from the Trump administration’s Office of the Actuary at the Centers for Medicare and Medicaid Services show that health spending overall grew at a rate of 3.9 percent last year, after rising by 4.8 percent in 2016 and 5.8 percent in 2015. That rate is the slowest since 2013, prior to most provisions of the Affordable Care Act kicking in and before Medicaid expansion to more low-income adults.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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