Article

3 Reasons Why Health-Care Costs Are Likely to Rise

Opinions rage about whether health insurance costs will rise or fall with implementation of the Affordable Care Act, commonly known as Obamacare.

Opinions rage about whether health insurance costs will rise or fall with implementation of the Affordable Care Act, commonly known as Obamacare. What gets relatively little attention, though, is that overall healthcare cost growth has actually slowed down over the last few years. According to the Centers for Medicare and Medicaid Services, national healthcare spending grew 3.9% annually from 2009 to 2011 -- the lowest rate since the government began tracking the statistics over 50 years ago.

Don't get used to slower healthcare cost growth, though. There are several reasons why higher spending could soon rear its head again. Here are three that could drive healthcare costs up in the near future.

1. Macroeconomic factors

The Kaiser Family Foundation, and the Altarum Institute's Center for Sustainable Health Spending, created a statistical model that helps identify how U.S. health spending varies with several macroeconomic indicators. Their research found that two macroeconomic variables account for a whopping 85% of variation in health-care spending growth between 1965 and 2011.

Read the full story here: http://aol.it/14g0gOA

Source: Daily Finance

Related Videos
Richard J. Nowak, MD, MS, Yale School of Medicine
Naim Alkhouri, MD
Jaime Almandoz, MD, MBA
Martin Edelman, MD
Sam Peasah, PhD, MBA, RPh, director for the Center of High-Value Health Care at the University of Pittsburgh Medical Center (UPMC)
Pierluigi Porcu, MD
Image credit: Medical technology and futuristic concept. Doctor hologram modern virtual screen interface | SOMKID - stock.adobe.com
JC Scott, CEO and president of The Pharmaceutical Care Management Association (PCMA)
Elizabeth Grush, MBA
Related Content
AJMC Managed Markets Network Logo
CH LogoCenter for Biosimilars Logo