Tag: health spending
Another Hit on Price Transparency in Health Care

JAMA, the Journal of the American Medical Association, has published a research article challenging the doctrine that price transparency leads to lower health costs. Sunita Desai, et al., found: Two large employers represented in multiple market areas across the United States offered an online health care price transparency tool to their employees. One introduced...
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Health Prices Continue to Rise Faster Than Others

October’s Producer Price Index declined 0.4 percent, month on month, and dropped 1.6 percent, year on year. Mild deflation continues to take hold in the general economy. However, it is not so in health care. Of the 14 sub-indices for health-related goods and services, only three declined month on month. Only six declined year...
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Health Services Accounts for One-Fifth of Weak Q3 GDP Growth

Wednesday’s advance estimate of Gross Domestic Product for the third quarter indicates that growth in health spending is maintaining a disproportionate share of weak GDP growth. Commenters noted that the weak estimate was largely due to shrinking inventories. This explains why personal consumption expenditure (PCE) growth ($135.7 billion) was actually higher than GDP growth ($121.1 billion),...
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