(Bloomberg) — Spending on health care services increased in the second quarter after falling in the first three months of the year, according to a report from the Census Bureau that the government uses to fine-tune its estimates of economic growth.
Revenue at health care providers unadjusted for seasonal swings or price changes rose 3 percent from the first quarter, today's quarterly data on service industries showed. Sales were up 3.7 percent from the year before.
The health spending increase may alter economists' estimates for second-quarter gross domestic product, as they incorporate the new data into their calculations. The economy grew at a 4.2 percent annualized rate in the second quarter, according to the Commerce Department's second estimate, issued Aug. 28.
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