As the economy recovers, healthcare spending is starting to increase at a higher rate, the Wall Street Journal reports.
Drew Altman, CEO of the Kaiser Family Foundation, cited data from the Altarum Institute that found healthcare spending increased 5.6 percent in December 2014 compared with the previous December. However, healthcare prices were up 1.8 percent and hospital prices were up 0.9 percent during the same time period.
Altman recommended evaluating the amounts and types of health services provided instead of solely on healthcare prices.
Read more below:
Executive Editor
Tim Casey joined TriMed Media Group in 2015 as Executive Editor. For the previous four years, he worked as an editor and writer for HMP Communications, primarily focused on covering managed care issues and reporting from medical and health care conferences. He was also a staff reporter at the Sacramento Bee for more than four years covering professional, college and high school sports. He earned his undergraduate degree in psychology from the University of Notre Dame and his MBA degree from Georgetown University.