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Health Costs Doubled in the Past Decade
By NIHCM Foundation www.NIHCM.org
The total cost of health care for a typical family with employer-sponsored coverage has more than doubled in the past decade to nearly $21,000 per year, outpacing both inflation and income growth.
Skyrocketing health care costs are already straining budgets and could jeopardize the availability of affordable coverage under the ACA. To shed light on the factors behind increased spending on private insurance, this brief examines
- trends in premiums and cost-sharing in the group and non-group markets,
- how premium dollars are spent by insurers,
- which sectors are driving premiums upward, and
- the importance of price increases in explaining spending growth.
Assessment
Conclusion
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OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
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Filed under: Health Economics, Healthcare Finance | Tagged: ACA, health costs, health insurance premiums, NIHCM Foundation, PP-ACA, Spending for Private Health Insurance in the United States | 3 Comments »
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