The health care spending share of GDP reached an all-time high of 18.2 percent in June 2011, according to a new report. At the same time, the health sector is creating more jobs than any other industry.
Health spending in July 2011 grew by 5.1 percent relative to July 2010; yet health care price inflation for the same period remained subdued at 2.2 percent. The information comes from the September Health Sector Economic Indicators briefs from Altarum Institute's Center for Sustainable Health Spending.
Still, the briefs indicate the health sector continues to create jobs—30,000 in August—despite last month's report of a zero jobs growth for the overall economy. Health now accounts for 10.8 percent of total employment – an all-time high.
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