Healthcare construction spending de...

Healthcare construction spending declined 5% after a big swell last spring. The slowdown was entirely for private facilities. Hospitals accounted for 70% of the decline. Special-care facilities, like as nursing homes, experienced a 25% ear-ring in construction spending. These changes are consistent with one as well as the other the level and mix of healthcare spending reported for 2004 by the agency of the Health and Human Services Department.

The development of total healthcare spending dropp from 93% in 2002 to 74% last year, with proportionally larger declines in hospital receipts, especially private hospitals.