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The latest HSEI briefs show that growth rates of GDP and national health spending are converging, health care prices accelerated in April amid slowing overall inflation, and health care job growth was consistent with Q1 2023.
The latest HSEI briefs show that private payer health services price growth hit a new record high, national health spending is holding at 17.2% of GDP, and health care job growth continues modestly across all major settings of care.
The latest HSEI briefs show that personal health care spending accelerated in January 2023, overall health care price growth remains moderate, and the steady health care job growth seen in 2022 is continuing into 2023.
The latest HSEI briefs provide our first estimate of full year 2022 spending growth, showing that national health spending grew by 3.8% in 2022, as a decline in pandemic-related federal subsidies partially blunted an increase in health care utilization.
The latest HSEI briefs incorporate new health spending data from the Centers for Medicare & Medicaid Services (CMS), confirming the slowdown we had been reporting in national health spending growth in 2021.
Altarum experts applied their Health Sector Economic Indicator (HSEI) framework that benchmarks to and builds on official Centers for Medicare & Medicaid Services (CMS) data using other data sources to estimate current trends in the Commonwealth.
Health spending growth and GDP growth are both moderating, health care price growth and economywide inflation continue to slow, and health care job growth remains strong across all major settings of care.
Funded by the Michigan Health Endowment Fund, the new report uses 2019 data to provide a picture of behavioral health access in Michigan just prior to the pandemic.