Health price inflation hit a 13-year low in October, according to a report that tracks the health sector's employment, spending and pricing.
The December Health Sector Economic Indicators briefs released Thursday by Altarum Institute's Center for Sustainable Health Spending indicate that health spending growth also ticked down to 5 percent, and health employment in November exhibited below-average growth of 17,000 jobs.
Total health spending growth fell from its September value of 5.2 percent (year-over-year), brought down by slower growth in hospital, physician services, and nursing home spending. The health spending share of the total economy, currently at 18.1 percent, appears to be stabilizing around 18 percent, and is barely off its all-time high of 18.2 percent reached in June 2011.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
