In 2016, June's national health spending increased 5.2 percent compared to June 2015, according to Altarum Institute's Center for Sustainable Health Spending's report, "Health Sector Economic Indicators."
Here are eight observations:
1. National health spending hit $3.36 trillion in June 2016.
2. In the first half of 2016, health spending grew at a rate of 5.3 percent, compared to 5.5 percent in the first six months of 2015.
3. The health spending share of gross domestic product was 18.3 percent in June 2016.
4. In June 2016, healthcare prices were 1.6 percent higher than in June 2015.
5. Year-over-year hospital price growth held a 1 percent rate in June 2016 and drug price growth increased to 4.4 percent.
6. The healthcare industry introduced 43,200 new jobs in July, which ranked higher than the 12-month average of 39,700 new jobs monthly.
7. While health jobs increased 3.2 percent year-over-year, non-health jobs grew 1.6 percent.
8. Health employment accounted for 10.78 percent of total employment.
5 factors driving physicians to consider leaving medicine
Ultrasound market predicted to see $1.7B in growth by 2021: 7 thoughts
The physician shortage may yield better pay, perks for physicians: 5 statistics