Contributing factors to the spending growth include managed care organization cost shifting, the Affordable Care Act’s Individual Mandate Repeal, business and economic trends, and demographic trends such as obesity, aging and chronic conditions.
Factors that could slow out-of-pocket spending growth include lower-cost medications, increased use of disease management programs and low premium, high deductible health plans, the press release said.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.