Healthcare Cost Trends Not Looking Good

Medical trend continues to outpace general inflation. Those plan sponsors who abide by the law of civil obedience continue to fund the health care beast’s insatiable appetite while others are taking a different approach. The later have solved health care……….they have stopped feeding the beast…………

Healthcare Cost Trends Not Looking Good 

The healthcare cost trend continues to outpace general inflation and is predicted to do so for years to come according to pwc’s latest medical cost trend report.

They predict a 6% increase, slightly higher than the last 2 years and about 3 times the rate of inflation overall. Drug spending will continue to rise with the introduction of biosimilars, branded generic and costly new treatments. According to the report, employers are employing a variety of strategies to try to control their rising healthcare spend.
Read the report

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