Forbes November 3, 2017
The annual spend on health care in the U.S. is approximately $3.2 trillion and continues to grow at an estimated 6.5 percent annual rate. Higher-priced pharmaceuticals, lifestyle choices and an aging population are the primary drivers behind the year-on-year increase.
Self-insured employers (SIEs), as well as taxpayers, need to understand what is driving these climbing costs. Employers with 25-99 employees are the fastest-growing segment of self-insured companies. Paying attention to the highest-cost health factors indicated below can save small and large businesses millions of dollars while improving the quality of care for their people.
Chronic Care
An analysis I conducted of sample ICD-10 and CPT codes over a large population generated the following cost estimates:
- Diabetes: $152 billion
- Coronary...
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