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Report: Healthcare price inflation remains steady

Posted On Mon, November 14, 2011

A recent report from the Altarum Institute's Center for Sustainable Health Spending showed that health price inflation has not changed much in the past eight months.

The November Health Sector Economic Indicators report noted that healthcare price inflation was 2.1 percent higher during September when compared year-over-year. This is the eighth consecutive month where the figure has hovered around 2 percent. In addition, the spending growth rate for the third quarter averaged 5.2 percent, higher than the second quarter's 4.8 percent increase.

"The data show two potentially conflicting trends," said center director, Dr. Charles Roehrig. "Health spending for September, and the third quarter as a whole, appeared to accelerate, led by a 7.1 percent growth rate for hospitals. Yet health care prices, uncharacteristically, continued for a fourth month to trail economy-wide inflation."

Consumers who are concerned about inflation in regards to their healthcare costs, especially during a poor economy, may want to lock in health insurance rates as soon as they can. Going online and comparing health insurance quotes may be the best way to do it.

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