News Headlines Article

Rising Prices Lead To All-time High Healthcare Spending
Health Leaders Media

Healthcare spending on average totalled $5,641 for individuals with an employer-sponsored health plan in 2017, according to a new study from the Health Care Cost Institute released Tuesday.

Even though overall spending slowed from 2016 to 2017, prices continue to be a factor as the average cost of healthcare for individuals hit an all-time high.

Healthcare spending per person in 2017 increased 4.2% year-over-year, while the overall utilization of healthcare services only grew by 0.2%.