New NHE data: Medicine prices declined, and hospitals were biggest driver of health care spending in 2018

According to new data from the National Health Expenditures (NHE), retail medicine pricesdeclined by 1% and retail medicine spendinggrew just 2.5% in 2018. To put that in context, hospital spending, which continued to account for one-third of all health care spending, grew by 4.5%, and physicians and clinical services grew by 4.1%. This data, published inHealth Affairs, underscores how policies that single out prescription medicine won ’t fix soaring health care costs or lower out-of-pocket costs for Americans. 
Source: The Catalyst - Category: Pharmaceuticals Tags: Out of Pocket Costs hospitals Let's Talk About Cost Source Type: news