Fierce Health Payers June 21, 2021
In contrast to mounting healthcare utilization, personal healthcare spending and economywide price trends, the price of healthcare has begun to stabilize after months of rampant pandemic growth.
The Altarum Institute, a nonprofit research group, reported a 2% annual increase in overall healthcare prices for May 2021 and a 1.9% increase for April 2021.
These growth rates had exceeded 2.5% for much of last year and ran as high as 2.7%. After a brief respite in the fall, healthcare price growth again jumped over 2.5% early in 2021, according to the institute’s data (PDF).
This “noticeable deceleration and moderation” in price growth from April to May spanned each of the healthcare subcategories monitored by Altarum.
Hospitals and physician services retained the...
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