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June spending on hospital care rises at slowest rate in 28 years
Modern Healthcare

National spending for hospital care decelerated to near stall speed in June, registering the smallest year-over-year increase in 28 years, an Altarum Institute analysis has found. The revised June increase of just 0.8% is being driven by consumers and payers seeking outpatient settings for more procedures, said Paul Hughes-Cromwick, co-director of Altarum’s Center for Sustainable Health Spending in Ann Arbor, Mich. Hospitals also are elevating quality to reduce readmissions and hospital-acquired infections, among other reasons for the decline, Hughes-Cromwick said. “We hope these (quality) measures are taking effect,” he said.