Fierce Healthcare February 13, 2020
Healthcare prices for people with employer-sponsored coverage are still going up, but that growth is slowing, a new study shows.
In its latest cost and utilization report, the Health Care Cost Institute (HCCI) found that costs per person in employer plans reached $5,892 in 2018. Out-of-pocket costs also increased, to $907 per person.
The report is based on more than 2.5 billion claims from between 2014 and 2018 for 40 million people with employer coverage. HCCI found that costs grew by 4.3% in that window.
HCCI said in its report last year that spending in 2017 reached an all-time high of $5,641. What’s driving the continued spending growth? Largely price hikes—though utilization is increasing somewhat, too, the...
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