Projected 8.5 Percent Increase in Employer Healthcare Costs in 2012
May 25, 2011
Cost, Economic Impacts, Trends
Employers can expect to see an 8.5 percent increase in healthcare costs in 2012, a slight increase from the 8 percent increase expected this year, according to a new “Behind the Numbers” report from PricewaterhouseCoopers’ Health Research Institute covered by Healthcare Payer News.
PwC identified three drivers it believes will have a major impact on the cost of medical services:
· Consolidation among hospitals and physicians.
· Increased cost shifting from Medicare and Medicaid.
· Post recession stress builds up on workers.
PwC also identified three factors it expects will keep costs in check for 2012:
· Increased cost sharing.
· Blockbuster brand-name drugs go off patent.
· Tiering on out-of-network providers.
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