<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=118459&amp;fmt=gif">
Show all

Health care spending to increase by 6.8 percent in 2015

PricewaterhouseCooper's Health Research Institute recently reported that it projects total health care spending will increase by 6.8 percent in the U.S. after a five-year stagnant spending period, US News reported.

Many experts are debating whether health care reform associated with the Affordable Care Act (ACA) is letting the U.S. spend more in healthcare coverage, medication and treatments, Modern Healthcare reported.

While the ACA could have had a part, the improving economy, growing costs of specific medications and consumer buying confidence have all helped the total spending numbers grow in the nation, the source said.

"The improvement in the economy is finally coming to health care," said Ceci Connolly, the managing director of the Health Research Institute, according to Modern Healthcare. "It's a lag, but it's a very direct relationship."

High-deductible plans are also increasing since nearly 25 percent of workers are currently in them, which is a more than 200 percent increase from just six years ago, the PwC research explained.

Not only are more workers getting in high-deductible plans, but PwC's survey showed that 4 percent of employers plan on only offering high-deductible plans to their workers in the near future.

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

HHS report: HealthCare.gov had affordable premiums, was competitive
June 26, 2014
Health care spending might not see large increase after all
June 26, 2014
Valerie Ortiz

Valerie Ortiz

Over the past 20 years, Valerie Ortiz has worn many hats at National Insurance Services. She currently heads up NIS’ Marketing Team where she helps to create and execute employee benefit communications based upon our public sector clients’ needs. Valerie brings order to the chaos and has a zeal for detail and a talent for organization.