Ten Things to Know from HCCI’s Health Care Cost and Utilization Report

MCOL February 21, 2020
Clive Riddle

The Health Care Cost Institute has released its annual Health Care Cost and Utilization Report, now addressing 2018 data. The report “analyzes 2.5 billion medical claims to inform the public about trends affecting approximately 160 million U.S. individuals with employer-sponsored insurance.”

Here’s ten takeaways from the 29-page report:

1. Health care spending grew 4.4% in 2018, slightly above growth in 2017 of 4.2%, and the third consecutive year of growth above 4.0%.
2. Total annual spending per person increased by 18.4%, from $4,978 to $5,892, between 2014 and 2018.
3. Between 2014 and 2018, average prices rose by 15%. Growth in average prices was 2.6% between 2017 and 2018, the slowest rate over the period.
4. Higher prices accounted for 74%...

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