Healthcare Price Growth Hits Lowest Level in 15 Years
In January, healthcare prices were only 1.5 percent higher than January 2012, which was the lowest reading of healthcare price growth since December 1997, according to a report from the Altarum Institute's Center for Sustainable Health Spending.
Hospital prices only rose 2 percent in January, while physician and clinical service prices increased 0.6 percent.
National health expenditures, meanwhile, grew at an annual rate of 4.1 percent from January 2012 to January 2013, similar to last month's figures. Altarum estimates that NHE grew at an annual rate of 4.3 percent, which is slightly higher than the 3.9 percent CMS reported from 2009 through 2011.
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