News Headlines Article

Hospital sector pushes healthcare spending growth over 7%
Modern Healthcare

The amount of money pumped into the healthcare system is growing at a much more rapid rate than estimated, according to first-quarter U.S. Census Bureau data.

The Census Bureau’s Quarterly Services Survey, considered one of the more accurate depictions of the U.S. economy, showed healthcare spending went up 7.2% in the first quarter of this year compared with the same period of 2014. Hospitals spurred much of the growth—hospital spending grew 9.2% year over year.