|[September 24, 2013]
Health Care Spending Growth Slowed in 2012, But Consumers Continued To Spend More Out-of-Pocket, Says New HCCI Report
WASHINGTON --(Business Wire)--
For the third consecutive year, the growth rate of health care spending
among privately insured people under age 65 remained low at 4.0 percent,
says the Health Care Cost Institute (HCCI). Health care spending
averaged $4,701 per person with employer-sponsored coverage in 2012, up
$181 from the year before. In addition, out-of-pocket spending rose more
quickly than expenditures per person in 2012, increasing 4.8 percent to
2012 Health Care Cost and Utilization Report provides
a detailed picture of health care spending for the 156 million Americans
younger than age 65 with employer-sponsored health insurance in 2012.
This year's report analyzes the actual dollars spent and services used
by over 25 percent of the nation's privately insured population.
Spending grew fastest for young adults, women, and people living in
Prescription drug and device spending per person grew 3.8 percent in
2012. Brand prices rose 25.7 percent and generic prices rose 5.3
Inpatient spending grew slower (2.4%) than any medical service
category in 2012, while spending on outpatient services grew at the
fastest rate (6.5%).
Forty-five percent ($82) of the additional dollars spent per person on
health care in 2012 were due to more spending on outpatient care.
For the first time since the end of the recession, increases in
expenditures for professional procedures and generic prescriptions
were due mainly to increased use, not price.
"Although average health care expenditures grew at nearly the same rate
in 2012 as 2011, the causes of the 4 percent increase in spending each
year were quite different," said HCCI Executive Director David Newman.
"In prior years, rising health care prices drove up spending. In 2012,
we saw utilization start to change health care trends for prescription
drugs and professional procedures."
2012 Health Care Cost and Utilization Report is
available on the HCCI website at: http://www.healthcostinstitute.org/2012report.
Read the full
press release here.
The Health Care Cost Institute was launched in September 2011
supported by Aetna, Humana, Kaiser Permanente, and UnitedHealthcare to
promote independent, nonpartisan research and analysis on the causes of
the rise in U.S. health spending. HCCI believes an improved
understanding of the forces driving health care cost growth will help
policy makers, researchers, and the public make decisions that will lead
to better and more accessible and affordable care. HCCI is governed by a board
that includes distinguished economists, actuaries and health care
experts. For more information, visit www.healthcostinstitute.org
or follow us on Twitter (News - Alert) @healthcostinst.
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