Archive for November, 2019

Why Healthcare Costs Are on the Rise

Why Healthcare Costs Are on the Rise

American businesses are noticing a frightening trend: healthcare costs are on the rise and there are no signs that the costs are slowing down. A new report from HCCI shows that healthcare spending per person has grown more than 4% in the past few years, with more individuals receiving support for multiple chronic conditions than ever before. This represents a 10-year rise of nearly 18% for individual healthcare services, which explains why healthcare utilization has stayed mostly flat while costs continue to go up. There are a number of factors that make up these figures, but the costs associated with longer lifespans and the intensity of medical services are key considerations for the future.

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