The 12-month moving average healthcare price growth rate hit a new low at 1.5 percent. Additionally, the year-over-year growth rate for hospital prices slowed to 1.5 percent in August, the lowest rate since December 1998, according to the report.
Healthcare spending grew 3.8 percent in August 2013 over August 2012, increasing to a seasonally adjusted annual rate of $2.93 trillion, up slightly from $2.92 trillion in July. Hospital spending was $928 billion and represented 32 percent of total healthcare expenditures.
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