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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.
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.
National health spending growth continues to lag nominal GDP increases; health care price growth remains below slowing economywide inflation; health care wage growth has moderated somewhat; and health employment gains remain strong.
National health spending is growing faster than the pre-pandemic pace but slower than economywide inflation, negative Medicare price growth is keeping health care inflation under control; and health care jobs have returned to the pre-pandemic level.
Economy-wide inflation continues to outpace national health spending growth, health care price inflation increases for the fourth straight month, and health care job growth continues across all major settings of care.