If you're betting on health care stocks for big portfolio gains, you may want to hedge those bets.
A detailed look at healthcare spending indicators from the Altarum Institute suggests that price increases are really slowing down and that, overall, the health care sector may be losing steam as a contributor to the gross national product.
Altarum looked at price data for prescription drugs, hospital services, clinician and physician services, and other healthcare products and services. It also revised its data on the contributions of the health care sector to the GNP in light of new federal benchmarks.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
