Health­care hir­ing, pric­ing and spend­ing are all fall­ing, pro­vid­ing re­lief to and par­tially be­ing driven by con­sumers, ac­cord­ing to anal­y­sis re­leased Thurs­day by think-tank Al­tarum In­sti­tute.

Modern Healthcare - - LATE NEWS -

Though still the big­gest con­trib­u­tor to na­tional jobs growth, health­care hir­ing is about two-thirds of what it was a year ago through the first five months of 2017, said Ani Turner, co-di­rec­tor of Al­tarum’s Cen­ter for Sus­tain­able Health Spend­ing. Health­care job growth through the first five months of 2017 is av­er­ag­ing just un­der 22,000 jobs per month com­pared with 32,000 per month in each of 2015 and 2016. The 2017 slow­down is oc­cur­ring in both hos­pi­tals and am­bu­la­tory care, Turner noted. Hir­ing also is be­ing clouded by con­gres­sional ef­forts to re­peal the Af­ford­able Care Act and the un­cer­tainty that loss of cov­er­age for mil­lions of Amer­i­cans cre­ates for fu­ture vol­umes, she said. Even still, em­ploy­ment for peo­ple pro­vid­ing health­care hit its high­est share ever as a per­cent­age of over­all U.S. non­farm jobs at 10.75% in May.

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