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Health spending growth continues to decline

December 10, 2012

National health spending grew by 3.5% between October 2011 and October 2012, down from 3.7% in September and the sixth consecutive month below 4%, according to the latest economic indicators from Altarum Institute's Center for Sustainable Health Spending. Health care prices grew an average 2.1% over the 12-month period, the lowest reading since January 1999. The health care sector added 20,000 jobs in November, including 8,300 hospital jobs, the center notes.