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National health spending in April 2015 was 6.2% higher than in April 2014. At $3.2 trillion, health spending now represents 18.2% of gross domestic product, a new all-time high.
Spending growth in the $2.9 trillion US health economy is expected to slow in 2016 as compared to 2015, but it will still outpace overall economic inflation.
This report estimates the potential economic benefits of seizing opportunities in actively promoting equity and addressing racial and ethnic inequities in Michigan.
The health services sector added 45,000 jobs in April 2015, continuing the surge that began roughly 1 year ago.
National health spending grew by 5.2% in 2014, and preliminary estimates show 6.6% growth in February 2015 compared to February 2014.
Preliminary estimates indicate that national health spending grew by 5.7% in January 2015 compared with January 2014, suggesting that the strong growth in the latter half of 2014 is carrying forward into the new year.
Health sector employment began 2015 much as it left off in 2014, adding 38,300 new jobs in January 2015, consistent with the 39,000 new jobs per month seen in the fourth quarter of 2014.
Health sector employment ended 2014 with a bang as it added 34,100 new jobs in December 2014 and saw upward revisions of 17,800 in October and November.