From one year ago, national health expenditures in August grew 3.8 percent, which equals the July rate and marks the fourth consecutive month of below 4 percent growth, according to the October Health Sector Economic Indicators briefs released by Altarum Institute's Center for Sustainable Health Spending.

In 2012, the average rate of growth in spending is at 4.1 percent, short from the projected 2011 average of 5.2 percent, the report finds, and this helps calm fears of a new acceleration in overall health spending. Still, a jump in hospital prices contributed to higher overall health care prices in August 2012 at 2.4 percent, which is above its level from August 2011 and the highest reading in nearly two years.

The report also reveals that 44,000 health-sector jobs were created in September 2012 for the second-highest employment gain in a decade and much higher than the 24-month average of 25,000 jobs.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 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.