Center for Sustainable Health Spending
National health care price increases and spending increases remain near historic lows, according to the Ann Arbor-based Altarum Institute.
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.
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.
National health expenditures in October 2012 grew by 3.5 percent relative to October 2011, down two-tenths from the September rate, and representing the sixth consecutive month of below 4 percent growth.
Health spending in May 2012 grew by a modest 3.8 percent compared to May 2011, continuing a trend of roughly 4 percent annual growth since 2009.
Health care prices rose just 1.8 percent in February 2012, the lowest rate of inflation since April 1998. Price growth for nearly all health categories moderated, especially hospital care and physician services.
New analysis shows that health care spending in the U.S. in 2011 grew at one of the slowest rates in 50 years.
The January Health Sector Economic Indicators briefs released by the Altarum Institute indicate that over the first 11 months of 2011, health spending has grown at an annual rate of 4.5 percent, compared to the 3.9 percent increase for 2010. This growth was driven by high spending early in 2011 followed by a gradual, steady decline.
The December Health Sector Economic Indicators briefs released today by Altarum Institute’s Center for Sustainable Health Spending indicate that October health price inflation, at 1.9 percent, represents a 13-year low; health spending growth in October ticked down to 5.0 percent, and health employment in November exhibited below-average growth of 17,000 jobs.
Health care prices in April 2011 were just 2.0 percent higher than in April 2010 — the fourth consecutive month of 2 percent or less growth, according to this month’s Health Sector Economic Indicator report released by Altarum Institute’s Center for Sustainable Health Spending.