Saturday, October 23, 2010

PricewaterhouseCoopers: Employers' health care costs to rise 9% - Boston Business Journal:

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The 9 percent projected cost increase is slightlyu lower thanthe 9.2 percenf increase in 2009 and 9.9 percentt increase in 2008, PricewaterhouseCoopers says in its report. Medical cost increases continue to outpace inflation and wage One of the reasons medical costs continue to climb is that Americanj workers are accelerating use of healthj care services in anticipation of losing theirejobs and, potentially, their health the report suggests. Rising unemployment, growing numbers of people with little or no insurancde and a growing percentage of the populatiojn on Medicaid further ramp up medical costtrendd — the figures actuaries use to set futurs health insurance premiums.
Coupled with big declinee in corporate profits, employers surveyed by PricewaterhouseCoopere said they will push more of the costs of healt h insurance to their workers in while expecting workers to take more responsibilitty for managing theirpersonal health.

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