The health care industry across the United States lost 400 jobs in January, and revised data for December showed a scant gain of 2,400 jobs, according to data gathered by the Ann Arbor-bsaed Altarum Institute’s Cetner for Sustainable Health Spending. Health spending and price increases continued at a low level as well.
Health care prices in October 2013 rose just 0.9 percent above the levels seen in October 2012, the lowest reading in the 50-plus years of data of the monthly Health Sector Economic Indicators released by the Center for Sustainable Health Spending at Ann Arbor’s Altarum Institute.
A net 15,000 health care jobs were created in October 2013, significantly below the two-year average of 21,000 jobs per month, according to new figures from the Ann Arbor-based Altarium Institute.
Here’s more evidence that something is keeping health care price and spending increases low in the American economy.
There is a growing body of evidence that patients who are more actively involved in their health care have better health outcomes and incur lower costs.
National health expenditures grew 3.9 percent in July 2013, relative to July 2012, in line with the low levels reported since 2009, the Ann Arbor-based Altarum Institute reported.
Lutgarde Raskin, professor of environmental engineering at the University of Michigan, has received the Altarum Institute/ERIM Russell O’Neal Endowed Professorship.
The Center for Sustainable Health Spending at the Ann Arbor-based Altarum Institute reports that health care prices grew 1.1 percent in July 2013 over July 2012, up from the May growth rate of 1 percent — which was the lowest Altarum has ever recorded.
Health care prices rose nationally just 1.1 percent from April 2012 to April 2013, the lowest annual increase since 1997, and a sharp 0.5 percentage point drop from the rate of increase reported in March from a year earlier.
Health care prices in January 2013 were 1.5 percent higher than in January 2012, two-tenths of a percentage point lower than the December rise, and the lowest reading since a 1.3 percent rate in December 1997, according to Ann Arbor based health care industry consultants Altarum Institute.