Health spending grew only 3.8 percent in May, continuing a trend of roughly 4 percent annual growth since 2009, according to a new report. That's down from 4.2 percent in April, and about as low a growth rate as the country's seen in the last 15 years.
The data come from the July Health Sector Economic Indicators briefs released by Altarum Institute's Center for Sustainable Health Spending.
On a 12-month moving average basis, price growth is lower now than at any time since January 1999.
Continue Reading for Free
Register and gain access to:
- 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.
