News Headlines Article

Pace of Rising Medical Costs Slowing
Health Leaders Media

As work to implement the Patient Protection and Affordable Care Act continues, a new report projects that for the fourth consecutive year, the pace of medical cost increases will slow. Taking into account the spread of less expensive care options such as retail clinics and a decline in hospital readmissions, in 2014 healthcare cost are projected to increase by 6.5%, according to the Medical Cost Trend report from PwC’s Health Research Institute. That is a full percentage point lower than the 2013 projected rate.