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Health spending in October 2015 was up 5.5% compared to October 2014, continuing the slowdown from the peak of 6.8% growth in February 2015.
The health sector added a robust 44,900 new jobs in October and now accounts for 10.7% of total employment — an all-time high.
National health spending in August 2015 was 5.7% higher than in August 2014. Prescription drug spending grew the fastest of the major categories at 9.2% year over year, though down from its multi-year high of 14.6% in December 2014.
The health sector added 40,500 new jobs in August and totaled 314,000 jobs through the first 8 months of 2015, nearly twice the number added during the first 8 months of 2014.
National health spending in June 2015 was 5.7% higher than in June 2014, down from the 8-year high growth rate of 6.7% in the first quarter of 2015.
The health sector continued its strong job growth in June with the addition of 40,100 new jobs.
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.