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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.
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.
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.
National health spending continues to grow more slowly than GDP, falling Medicare price growth pulls health care inflation lower, and health employment grows moderately and mostly in ambulatory care settings.
In this month’s data, we incorporate CMS health spending projections that show health spending grew by 4.2% in 2021; health care price and utilization growth remains low; and hiring slows in March.
National health spending was lower in January 2022 than in December 2021; the gap between health care and economywide price growth sets a record; and health care hiring picks up in February 2022.
National health spending grew by 3.4% in 2021 including pandemic-related federal government support, a jump in health care prices paid by private insurance is offset by a Medicare price slowdown, and health care employment started 2022 with modest growth.