Spending Growth on Physician Services Lags
Growth in spending and price trends for physician services is slower than numerous other sectors of healthcare spending
![Spending Growth on Physician Services Lags](/content/images/size/w1200/2023/06/COTW_202304_chart1_v2.png)
![](https://www.correlations-now.org/content/images/2023/05/COTW_202304_chart1_v2.png)
- Spending for dental services outpaced spending for physician services.
- Health care employment now above pre-pandemic levels of February 2020, but distribution is uneven.
- Ambulatory care employment is nearly 440,000 jobs above, while nursing and residential care employment is 270,000 below pre-pandemic levels.
- Health care wage growth lags behind overall total private sector wage growth.
Source
Altarum. Health Sector Economic Indicators Briefs. Accessed May 9, 2023.