Health­care spend­ing growth in Au­gust dropped be­low 4% for the first time since 2014 and was just slightly above the all-time low, ac­cord­ing to data from the Al­tarum In­sti­tute.

Modern Healthcare - - LATE NEWS -

The slow growth was at­trib­uted to the Med­i­cal Con­sumer Price In­dex rate grow­ing at a his­tor­i­cal low of 1.8%. That rate in­di­cated a “pos­si­ble sig­nal of re­lief for health­care con­sumers with sub­stan­tial out-of­pocket ex­pen­di­tures,” ac­cord­ing to the re­port re­leased last week. The study re­vealed that health­care spend­ing fell 3.5% in the sec­ond quar­ter of 2017, com­pared to slightly more than 5% in the year-ago quar­ter. Pre­scrip­tion drug costs grew 5.2% in the sec­ond quar­ter while hospi­tal spend­ing rose 1.3%.

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