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Topic: David M. Blitzer

S&P: US Healthcare Costs Rise 6.27% Over the 12-Months Ending November 2010

 

Standard & Poor'sNew York, NY – Data released today by Standard & Poor’s for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs rose 6.27% over the 12-months ending November 2010. This is a deceleration from the +6.68% reported for the 12-months ending in October 2010.

Claim costs associated with hospital and professional services for patients covered under commercial health plans rose 7.79% over the year ending in November, as measured by the S&P Healthcare Economic Commercial Index. Medicare claim costs for the same services rose at a rate of 3.74% from the previous year, as measured by the S&P Healthcare Economic Medicare Index.  This is the lowest annual growth rate for Medicare claims costs since June 2007, when it was +3.55%. These two measures saw growth deceleration versus their October reports of +8.19% and +4.18%, respectively. «Read the rest of this article»

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