Behind the numbers* Healthcare cost trends for 2008

dc.description.abstractHealthcare cost trends in the private sector tend to be cyclical, and the health industry is currently in a period of decelerating growth. For 2008, this is expected to mean a return to single-digit increases in benefit expenses for employers and employees. For private payers, the medical trend is expected to be lower in 2008 compared with 2007. Based on discussions with private insurers, medical costs are expected to rise by 9.9% for preferred provider organizations (PPOs), 9.9% for health maintenance organizations (HMOs)/point of service plans (POSs)/exclusive provider organizations (EPOs), and 7.4% for consumer-directed health plans. This compares with estimates of 11.9%, 11.8% and 10.7%, respectively, in the prior year. Insurance companies use medical cost trends to estimate what the same plan would cost in the next year.
dc.identifier.citationPricewaterhouseCoopers’ Health Research Institute (2007) Behind the numbers* Healthcare cost trends for 2008. Project Report. UNSPECIFIED.
dc.identifier.otherEprint ID 733
dc.subjectAccess To Healthcare
dc.subjectHealthcare cost trends
dc.subjectprivate sector
dc.subjectdecelerating growth
dc.subjectprivate insurers
dc.subjectmedical costs
dc.subjecthealth maintenance organizations (HMOs)
dc.titleBehind the numbers* Healthcare cost trends for 2008
dc.typeTechnical Report