Healthcare Costs to Increase by 10.5-11% in 2011, Partly Due to Reform

Health insurers expect healthcare costs to increase by 10.5-11 percent, with the health care reform law projected to add 2-5 percent over the next three years, according to a survey by Aon Consulting.

To adapt to the long-term cost impact of health reform, many employers are taking about strengthening employee wellness and prevention programs and adopting best practices in care delivery, Aon Consulting said.

In the survey, costs are projected to increase by 10.5 percent for HMOs, 10.6 percent for point of service plans, 10.7 percent for PPOs and 11 percent for consumer-driven plans. These findings are slightly higher than the year before.

Prescription drug costs are expected to rise by 8.4 percent, compared to 9.3 percent in the spring of 2009, and specialty pharmacy rates by 14 percent, versus 13.2 percent a year ago.

Increases for seniors are projected to be 7.5 percent for Medicare supplement plans and 6.7 percent for Medicare Advantage plans, up from 6.6 percent and down from 7.3 percent, respectively, in the year before.

Read the Aon Consulting release on healthcare costs.

Read more about healthcare costs:

-Health Insurers Say Increased Pressure on Costs Means Tougher Talks With Hospitals


-Milliman Index: Healthcare Costs for Family of Four Up $1,303 in 2010

-Hospital Income Likely to Rise as Youths Stay on Parents' Insurance Longer




Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>