2013 Medical Cost Trend: Growth Deflators

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April 25th, 2013

Medical Cost Trend rose only 7% in 2011 and 7.5% in 2012, considerably slow growth over the past few years. PwC Health Research Institute projects medical costs will increase about 7.5% for 2013, the fourth year in a row of relatively flat growth.

medical cost growth trend
Sandy Fenwick, President and COO of Boston Children's Hospital, speaks about the decline of medical cost growth, its contributors and effects on the healthcare industry.  She shares that prevention, evidence-based medicine and proper utilization lower overall unit costs and are key deflators to the medical cost trend.

Watch Sandy delve into methods to strategically reduce healthcare cost growth in the video below.

One Comment

  • Gene Dameron says:

    I would suggest caution when considering the growth in medical cost. There are millions of folks out there with no insurance and a lot of pent up demand. The driver of this is the recession that many households still deal with every day.
    If the Accountable care Act is fully implemented and those eligible take advantage then the collective cost of healthcare will rise substantially!

    Gene Dameron