Health Sector Economic Indicators
National health expenditures in February 2014 grew 6.7 percent over February 2013, the highest rate of increase since March 2007, prior to the recession that began in December 2007, 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.
National health expenditures grew at an estimated annual rate of 4.3 percent in 2012, a bit higher than the 3.9 percent experienced for each of the years 2009-2011. While this estimate is subject to revisions, it portends a fourth consecutive year of record-low growth.
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 care job growth slowed in April, with just 19,000 new jobs created compared to the 24-month average of 24,000 jobs, according to Ann Arbor’s Altarum Institute.