Health Affairs February 13, 2020
Health care costs continue to be at the forefront of the discussion in the presidential primaries, on Capitol Hill, and in state houses, boardrooms and kitchen tables across the country. Drawing on 2.5 billion medical and pharmacy claims from four of the largest national health insurers, the latest annual report from the Health Care Cost Institute (HCCI) shows that average health care spending climbed to an all-time high in 2018 of $5,892 per person for individuals with health insurance coverage through an employer. That amounts to an average annual growth rate of 4.3 percent between 2014 and 2018.
The increase in health care spending is particularly concerning because nearly three-quarters of the increase in inflation-adjusted spending was due to rising...