BenefitsPRO February 26, 2020
A new report on price trends in health care shows that in 2018, health care prices continued to rise for American consumers. However, that year’s data showed a slight decrease in the rate of growth, and an increase in utilization.
The report by the Health Care Cost Institute (HCCI) found that on average, employer-sponsored insurance spending rose to $5,892 per person. Between 2014 and 2018, the HCCI research found spending rose by $610 per person for Americans with employer-based insurance, an average 4.3 increase per year. In 2018, health care spending grew by 4.4 percent, a bit more than the growth rate of 4.2 percent in 2017.
The study noted that average prices grew 2.6 percent in 2018, the lowest...
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