Who We Are

The New Jersey Life Sciences Vendors Alliance (NJLSVA) is a coalition of businesses, individuals and academia who provide goods and services to New Jersey’s life sciences companies.

The NJLSVA was founded to educate suppliers on trends in industry procurement and public policy that affects the life sciences industry.

Health Care Spending Again on Rise; Up 5% in 2014 vs. 3.6% in 2013

Washington, DC, February 19, 2015 ― Bloomberg News reports that the national medical bill may be back to growing faster than GDP.  After five years of historically slow growth, new data show U.S. health care spending accelerated significantly in 2014.

The analysis, from the Altarum Institute research group and based on preliminary government data, shows health spending increasing by 5 percent last year, compared to 3.6 percent in 2013.  

If confirmed by the final tally, health care spending during 2014 would mark the biggest jump since before the recession.The jump in health spending for 2014 isn’t completely unexpected.  Millions of Americans have now gained health insurance through the Affordable Care Act exchanges, expanded state Medicaid programs, and new jobs created by employers. ”

To read the full Bloomberg story, click here.