HealthLeaders Media July 24, 2024
The increase is attributed inflation, prescription drugs, and behavioral health utilization.
KEY TAKEAWAYS
– It was previously predicted that practice costs would increse by 3%.
– Financial stability remains a priority, yet issues with workforce, payers, and low reimbursement are straining budgets.
Healthcare costs are predicted to reach a 13-year high in 2025, according to a report by consulting firm PwC.
According to the report, an 8% year-over-year increase is expected for the group health insurance market, along with a 7.5% increase for the individual market. PwC attributes the increases to inflation, prescription drugs, and behavioral health utilization.
This is unwelcome news, coming so soon after the release of the Centers for Medicaid and Medicare Services’ proposed 2025 Physician Fee...
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