Read about our latest research, initiatives, announcements, and other news.
Altarum and VBID Health today announce the launch of the Research Consortium for Health Care Value Assessment, a PhRMA Foundation-funded initiative that brings together researchers working in health care value to collaborate, share findings, and develop research ideas to help address inefficiencies in health care.
At $3.67 trillion (seasonally adjusted annual rate), national health spending in July 2018 was 4.8 percent higher than it was in July 2017, and the health spending share of gross domestic product (GDP) was 17.8 percent.
People living with mental illness or addiction die an average of 25 years earlier than the general population, yet many Michigan residents face barriers to critical treatment. The Michigan Health Endowment Fund (Health Fund) has commissioned a study to review and report on access to mental health and substance use disorder treatments for Michigan residents.
At $3.66 trillion (seasonally adjusted annual rate), national health spending in June 2018 was 5.2 percent higher than it was in June 2017, and the health spending share of gross domestic product (GDP) was 17.9 percent.
New research from Altarum finds that spending and price growth among the privately-insured population accelerated in 2017 and early 2018 relative to Medicare and Medicaid, despite very low growth in private insurance enrollment.
While earlier data suggested a recent acceleration, with revised data, we estimate spending growth of 4.7% for the first four months of 2018, barely above the 4.6% rate seen for all of 2017.
In April 2018, the health care sector added 24,400 new jobs, consistent with the 12-month average of 25,500 new jobs per month, but enough to propel the health share of total U.S. jobs to 10.76%, a new all-time high. Hospitals added 8,000 jobs in April, and ambulatory settings such as physician offices and home health added 16,900 new jobs.
In March 2018, the Health Care Price Index rose by 2.2% compared to the previous year, fractionally higher than in February, and the highest rate since January 2012. Driving overall price acceleration is high hospital price growth of 3.7%, barely down from 3.8% in February—a more than 8-year high.