Advisory Board July 18, 2024
According to a new report from PricewaterhouseCoopers’ (PwC) Health Research Institute, healthcare costs are expected to grow by 8% next year — which is the largest projected increase since 2012.
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Healthcare costs to increase by 8% next year
For the report, researchers interviewed actuaries from more than 20 health plans that cover 100 million employer-sponsored members and 10 million Affordable Care Act members to estimate healthcare inflation for next year. The findings were weighted by each health plan’s size.
In 2025, commercial healthcare costs for the group market are expected to grow by 8%, which matches the 2023 estimate and is the highest projected increase since 2012. For the individual market, healthcare costs are...
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