Uninsured Rate at Record Low / Health Spending Rate Down Also

From Politico:

The uninsured rate among all adults was 11 percent in the first quarter of 2016, a slight decline from 11.9 percent in the fourth quarter of 2015, according to Gallup data released Thursday. It's the lowest level since Gallup and Healthways began tracking the uninsured rate in 2008.

A tale of three Americas. The Gallup data continues to show that the uninsured rate remains dramatically different among adults of different ethnic subgroups. According to Gallup, the uninsured rate for adults who are:

White: 6.4 percent
Black: 11.4 percent
Hispanic: 28.3 percent

See the Gallup data.

National health spending in February 2016 grew just 4.8 percent year-over-year - the fourth consecutive month when health spending growth remained below 5 percent.

And after a bump in service spending related to patients obtaining coverage via the ACA, service spending growth has steadily fallen from the first quarter of 2015.

What it means: Despite fears that Obamacare coverage expansion would end health care's spending slowdown, a "more permanent" change appears to be underway, Altarum's Paul Hughes-Cromwick told PULSE. "Health care price growth is extremely low, but as spending is price times quantity, we can only conclude that utilization has not rebounded as predicted [or] feared." See Altarum's indicators.