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    Slower Health Care Cost Growth Expected in 2013

    The cost of health care in the U.S. is expected to grow at a historically low rate of 7.5 percent in 2013, according to the latest Behind the Numbers report on the medical cost trend by consultancy PricewaterhouseCoopers (PwC).
    Medical inflation has been lower than expected for the past three years, and recalibration of previous estimates shows a low range of 7 percent to 7.5 percent from 2010 through 2013, according to PwC. Historically, health care spending bounces back up as the economy recovers. But the report identifies structural changes that might temper that pattern. A fourth year of relatively low growth suggests that the gap between health care spending and overall inflation might be narrowing to a more sustainable level.

    Medical cost trend projections help insurers and self-funded employers set premium rates for the following year. For U.S. employers, the net impact of the 2013 increase could be as low as 5.5 percent after accounting for changes in benefit design by purchasers, PwC estimated.

    "Why do we see the same old Republicans all over the news all the time when they were kicked out for screwing everything up?" - socratic's grandma

    by Michael James on Tue Nov 20, 2012 at 09:39:44 AM PST

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