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National health spending is growing faster than the pre-pandemic pace but slower than economywide inflation, negative Medicare price growth is keeping health care inflation under control; and health care jobs have returned to the pre-pandemic level.
Economy-wide inflation continues to outpace national health spending growth, health care price inflation increases for the fourth straight month, and health care job growth continues across all major settings of care.
National health spending shows early signs of acceleration; health care price growth is above average for second straight month; and health care job growth is strong as economywide jobs return to the pre-pandemic level.
The confluence of a slower rebound in health care expenditures alongside rapid economywide inflation has resulted in a surprising reversal in health care’s real spending growth over the past year.
National health spending continues to decline as a share of GDP, health care price growth finally accelerates as private prices jump in June, and health care hiring picks up.
Report includes projection of non-retail and total drug spending from 2020 to 2030.
National health spending is declining as a share of GDP, health care price growth remains well below economywide inflation, and health employment continues to show moderate growth.
Altarum experts apply their HSEI framework to provide the first comprehensive picture of 2020 health economic data for Virginia—including spending by health components and payers, employment trends, private insurance costs, and federal government support.