News Headlines Article

Growth in healthcare prices slows to near-historic low
Modern Healthcare

Healthcare prices rose just 1.1% year-over-year through September, representing the lowest price growth rate in roughly two years, according to a new report from Altarum.

That growth rate was just slightly higher than the all-time low growth rate of 0.9% in December 2015. The figure has fluctuated between 1.2% and 2.3% over the past year.

The small increase in healthcare prices was likely due in large part to a decline in prescription drug prices, according to the report. Price growth for prescription drugs dropped to 1.4% in September from 2.7% in August.