Healthcare prices also remained low in April 2012, as they were only 1.9 percent higher year-over-year. Hospital and physician prices grew at 2.2 percent and 1.4 percent, respectively. Price growth for nursing home care, prescription drugs and other non-durable medical products all stayed under 1 percent from April 2011 to April 2012.
The Altarum Institute also indicated that healthcare employment “is a bright spot in a disappointing jobs report.” Healthcare employment rose by 33,000 jobs in May 2012, but hospitals added a below-average 4,500 jobs.
More Articles on Healthcare Costs:
CBO: Healthcare Spending to Dominate Federal Budget
PwC: Medical Costs to Jump 7.5% in 2013
CMS Actuaries Project Higher Medicare Expenditures Than Trustees
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