Costs for commercial insurance, Medicare care increasing more slowly

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The average cost of health care services covered by commercial insurance and Medicare programs decreased slightly in the year ending in November 2010, with Medicare claims costs showing a sharper decline in growth.

The per-capita cost increase was 6.27% for the year ending in November, compared to the 6.68% increase reported for the year ending in October 2010, according to data from Standard & Poor’s for the S&P Healthcare Economic Composite Index.

It is unclear if any efforts tied to health reform, passed in March 2010, were the sources for slower gains in the per-capita costs for health care.

Claim costs associated with hospital and professional services for patients covered under commercial health plans rose 7.79% over the year ending in November, according to the index.

Medicare claim costs for the same services rose at a rate of 3.74% from the previous year, marking the lowest annual growth rate for Medicare claims costs since June 2007, when it was 3.55%.

One Response

  1. Jeremy Engdahl-Johnson Says:

    S&P: US healthcare costs rise 6.27% over 12 months ending in November. http://www.healthcaretownhall.com/?p=3507

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