Things are looking up for next year when it comes to health costs in 2010 – they’ll continue to grow at double-digit rates, according to Buck Consultants, the employer benefits consultancy.
The growth in the cost of prescription drug trends among health plans is projected to decline 0.6%, but still increasing at a 10.8% trend.
Buck surveyed over 100 insurers, HMOs and TPAs covering about 95 million enrollees.
Health Populi’s Hot Points: The rise of health costs, especially in the current recession, is the front-burner issue in health reform. While universal coverage continues to be a priority for most Americans, that issue is sharply split across party lines. Getting health cost increases under control is something most Americans and policymakers can agree on in 2009.
Expect this issue to be front-and-center in health reform discussions this year, as double-digit cost increases are in reformers’ collective crystal ball.