An orthopedic surgeon examines hip X-rays. Photo: BSIP/UIG via Getty Images

A new report by the Blue Cross Blue Shield Association says spending on planned knee and hip replacements is increasing, driven mainly by an increase in the number of procedures among people under 65.

By the numbers: The number of knee replacements increased by 17% between 2010 and 2017, and hip replacements rose by 33%.

  • The average price of the procedures rose by 6% for knee replacements and 5% for hip replacements over the same time period.
  • Both procedures are significantly cheaper if they're performed in an outpatient setting than in an inpatient setting, although in 2017 only 11% of knee procedures and 8% of hip procedures were performed on an outpatient basis.

Between the lines: Overall health care spending increases in the U.S. are driven mainly by prices, not utilization, making these procedures a deviation from the trend.

Yes, but: The price of knee and hip replacements vary drastically based on location, as the BSBCA found in a previous report.

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Updated 2 hours ago - World

Pandemic plunges U.K. into "largest recession on record"

The scene near the Royal Exchange and the Bank of England in the City of London, England. Photo: Tolga Akmen/AFP via Getty Images

The United Kingdom slumped into recession as its gross domestic product GDP shrank 20.4% compared with the first three months of the year, the Office of National Statistics (ONS) confirmed Wednesday.

Why it matters: Per an ONS statement, "It is clear that the U.K. is in the largest recession on record." The U.K. has faired worse than any other major European economy from coronavirus lockdowns, Bloomberg notes. And finance minister Rishi Sunak warns the situation is likely to worsen.

Updated 2 hours ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

The United Kingdom slumped into recession on Wednesday, as its gross domestic product GDP shrank 20.4% compared with the first three months of the year.

By the numbers: Over 741,400 people have died of the novel coronavirus globally and more than 20.2 million have tested positive, per Johns Hopkins. Almost 12.6 million have recovered from the virus.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 20,294,091 — Total deaths: 741,420— Total recoveries: 12,591,454Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 5,141,207 — Total deaths: 164,537 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. States: Georgia reports 137 coronavirus deaths, setting new daily record Florida reports another daily record for deaths.
  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. Sports: Big Ten scraps fall football season.
  7. World: Anthony Fauci "seriously" doubts Russia's coronavirus vaccine is safe