August Saw Only 1% Healthcare Price Growth

This past August, healthcare prices were only 1 percent higher compared with August 2012, equal to the May 2013 rate, which was the lowest year-over-year growth recorded since January 1990, according to a report from the Altarum Institute’s Center for Sustainable Health Spending.

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The 12-month moving average healthcare price growth rate hit a new low at 1.5 percent. Additionally, the year-over-year growth rate for hospital prices slowed to 1.5 percent in August, the lowest rate since December 1998, according to the report.

Read the full report on Becker’s Hospital Review.

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