Healthcare Finance News July 19, 2024
Jeff Lagasse

This near-record trend is driven by inflationary pressure, prescription drug spending and behavioral health utilization, the report claims.

Commercial healthcare spending growth is estimated to grow to its highest level in 13 years, with PwC’s Health Research Institute (HRI) predicting in a new report an 8% year-on-year medical cost trend in 2025 for the group market and 7.5% for the individual market.

This near-record trend is driven by inflationary pressure, prescription drug spending and behavioral health utilization, the report claimed.

Meanwhile, HRI said 2023 and 2024 medical cost trends will be higher than previously reported based on the input of surveyed health plans. This unfavorable trend, the report said, reflects higher-than-expected utilization of GLP-1 drugs as well as higher acuity...

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Topics: Employer, Govt Agencies, Healthcare System, Insurance, Patient / Consumer, Pricing / Spending, Provider, Survey / Study, Trends
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