News Headlines Article

Healthcare spending rises 5.5% while rest of economy sputters
Modern Healthcare

A preliminary federal estimate of economic activity suggests healthcare spending maintained a consistently high growth rate in the opening three months of 2015 even though the broader U.S. economy largely dragged its feet.

When adjusted for inflation, healthcare spending ticked up 5.5% compared with the same quarter last year as well as the fourth quarter, according to data released Wednesday by the U.S. Department of Commerce’s Bureau of Economic Analysis. Health services spending increased 6.2% annually in current-day dollars, totaling $2.07 trillion.