After a five-year slowdown in the growth of health-care spending, the rate is expected to tick up again in 2015, according to a new report this morning from a health policy research group.
Amid historically low growth in the aftermath of the recession, the big question in health care has been whether spending would shoot back up again as the economy improved — or whether structural changes in the way health care is delivered and consumed would keep the growth rate down.
The new analysis from the PwC Health Research Institute suggests 2015 will see a modest increase in the rate of spending growth. The so-called medical cost trend is expected to increase from a projected 6.5 percent in 2014 to 6.8 percent in 2015. PwC points out, however, that relative to double-digit increases seen in the 1990s and 2000s, the growth rate isn’t nearly as alarming.
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