Health­care costs rise, but at de­clin­ing rate: S&P in­dex

Modern Healthcare - - Late News -

The av­er­age per-capita cost of health­care ser­vices cov­ered by com­mer­cial in­surance and Medi­care pro­grams rose 5.77% in the 12 months ended in March, ac­cord­ing to data in the S&P Health­care Eco­nomic Com­pos­ite In­dex. That rate of growth al­most mir­rors the low­est rate seen in the in­dex’s six years of ex­is­tence, which was 5.76% in June 2007, ac­cord­ing to Stan­dard & Poor’s, New York, which pro­duces the in­dex. Much of the drop in growth was driven by Medi­care, where claim costs rose at an an­nual rate of 2.78%. Com­mer­cial in­surance costs rose by 7.57% in the oneyear pe­riod. “If you look over the last year or so of data, it is ap­par­ent that the rates of in­crease in health­care costs con­tinue to slow down,” David Blitzer, chair­man of the in­dex com­mit­tee at S&P, said in a news re­lease. “While there was some volatil­ity within months, the gen­eral trend has been a slow­down across all nine of the in­dices we pub­lish,” he said.

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