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Silver coins Of the $101 billion increase in insurance spending, plan administration costs and profits accounted for $21.3 billion, while spending on physician and clinical services was responsible for a $20.6 billion. (Photo: Shutterstock)

The $101 billion increase in private health insurance spending between 2016 and 2018 is being driven by hospital spending, to the tune of some $43 billion—representing the chief source of the escalation.

Marlene Satter

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

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