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At a $3.40 trillion annual rate, national health spending in August 2016 was 5.5% higher than health spending in August 2015.
Health care added 14,000 jobs in August, the lowest level of growth since April 2014 when the acceleration in hiring, fueled by expanded coverage, began.
Under a contract with the Bureau of Economic Analysis (BEA), Altarum has updated estimates of spending by medical condition that were first published in 2009 and that covered the years 1996 through 2005.
National health spending in June 2016 was 5.2% higher than in June 2015, totaling $3.36 trillion (seasonally adjusted annual rate).
Video recording of Altarum's 6th annual sustainable health spending symposium, which took place on July 12, 2016 in Washington DC.
National health spending in May 2016 was 5.0% higher than in May 2015. Spending on prescription drugs dropped to 5.2% growth, continuing its decline from the 12.2% spike in 2014.
National health spending in April 2016 was 4.6% higher than in April 2015. This marked the sixth consecutive month of spending growth below 5%, and is well under the estimated average of 5.8% for all of 2015.
The triangle of painful choices was first introduced in August 2012 as a tool to provide insights about what rate of growth in health spending would be sustainable in the long term.