Us Healthcare Costs Annual Growth Rates Increase for the Fifth Consecutive Month According to the S&P Healthcare Economic Indices
U.S. Newswire › November 18, 2011
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Summary
NEW YORK, Nov. 17, 2011 /PRNewswire/ -- Data released today by S&P Indices for the S&P Healthcare Economic Composite Index indicate that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 5.75% over the 12-months ending September 2011. This is a slight increase over the +5.71% annual growth rate posted in August 2011 and the fifth consecutive increase since the index hit its lowest rate of +5.32% in April 2011.
As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance increased by 8.03% over the year ending September 2011, also increasing for the fifth consecutive month. On the other hand, growth rates in Medicare claim costs hit yet another low, rising at an annual rate of +1.97% as measured by the S&P Healthcare Economic Medicare Index. The S&P Healthcare Economic Hospital Medicare Index also posted a record low annual rate of +0.71% in the year ending September 2011. This is a staggering 7.59 percentage points lower than the highest annual growth rate of +8.30% recorded for this index just two years ago in August 2009.See the full content of this document
Extract
Us Healthcare Costs Annual Growth Rates Increase for the Fifth Consecutive Month According to the S&P Healthcare Economic Indices
The Hospital and Professional Services Indices posted increases of 5.51% and 5.78%, respectively, from their September 2010 levels. These are marginal changes from the +5.40% and +5.83% respective annual rates posted in August 2011.
"As we enter the fall, we continue to see the summer trends of a dec...See the full content of this document
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