Health spending trends from June 2016
By Admin | September 14, 2016
The Altarum Institute's Center for Sustainable Health Spending released a report titled “Health Sector Economic Indicators” which highlights eight trends in the sector. All findings are from June 2016.
- National health spending hit $3.36 trillion.
- In the first six months of the year, health spending grew at a rate of 5.3 percent, compared to 5.5 percent in the first six months of 2015.
- The health spending share of gross domestic product was 18.3 percent.
- Healthcare prices were 1.6 percent higher than in June 2015.
- Year-over-year hospital price growth held a 1 percent rate and drug price growth increased to 4.4 percent.
- The healthcare industry introduced 43,200 new jobs in July, which ranked higher than the 12-month average of 39,700 new jobs monthly.
- While health jobs increased 3.2 percent year-over-year, non-health jobs grew 1.6 percent.
- Health employment accounted for 10.78 percent of total employment.
For more information, read “Health spending reached $3.36T in June — 8 more statistics” on Becker’s ASC Review.