November 2017 Health Sector Economic Indicators Briefs
Economic Indicators | November 09, 2017
Total health spending growth in September was 4.3% higher compared to a year earlier primarily due to slow growth in hospital spending. In addition, health care price growth approached a historic low, rising at a 1.1% annual growth rate compared to a year earlier, its lowest growth since the all-time low of 0.9% in December 2015. Health care job growth also remained modest, with 21,500 new jobs added in October 2017, less than the 2017 monthly average of 25,000.
Total health spending growth in September was 4.3% higher compared to a year earlier primarily due to slow growth in hospital spending. In addition, health care price growth approached a historic low, rising at a 1.1% annual growth rate compared to a year earlier, its lowest growth since the all-time low of 0.9% in December 2015. Health care job growth also remained modest, with 21,500 new jobs added in October 2017, less than the 2017 monthly average of 25,000.