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  "documentTitle": "us executive macroeconomic briefing february 20240223",
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      "text": "This combination of elevated labor costs and relatively laggard pricing levels is putting pressure on the cost base and bottom line for health care providers.",
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      "text": "Consumer spending on health goods and services has recovered from COVID-driven pullbacks. Real consumer spending on health care is projected to grow at 2-3% annually.",
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      "text": "Health care sector has experienced elevated wages due to labor shortages. This combination of elevated labor costs and laggard pricing is putting pressure on the cost base.",
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      "text": "CAGR: 2.5%",
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      "text": "While health care expenditure has recovered, providers are facing rising wages that outpace inflation in the sector",
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