Healthcare Price Growth Hits Lowest Level in 15 Years

In January, healthcare prices were only 1.5 percent higher than January 2012, which was the lowest reading of healthcare price growth since December 1997, according to a report from the Altarum Institute’s Center for Sustainable Health Spending.

Advertisement

Hospital prices only rose 2 percent in January, while physician and clinical service prices increased 0.6 percent.

National health expenditures, meanwhile, grew at an annual rate of 4.1 percent from January 2012 to January 2013, similar to last month’s figures. Altarum estimates that NHE grew at an annual rate of 4.3 percent, which is slightly higher than the 3.9 percent CMS reported from 2009 through 2011.

More Articles on Healthcare Spending:

Massachusetts Fears Health Costs Will Exceed Legislated Cap
CMS Touts Lower Healthcare Spending, Readmissions Under PPACA
Report: Coordinated Care, Global Budgets Could Save California $110B

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.