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Health care spending to increase by 6.8 percent in 2015

PricewaterhouseCooper’s Health Research Institute recently reported that it projects total health care spending will increase by 6.8 percent in the U.S. after a five-year stagnant spending period, US News reported.

Many experts are debating whether health care reform associated with the Affordable Care Act (ACA) is letting the U.S. spend more in healthcare coverage, medication and treatments, Modern Healthcare reported.

While the ACA could have had a part, the improving economy, growing costs of specific medications and consumer buying confidence have all helped the total spending numbers grow in the nation, the source said.

“The improvement in the economy is finally coming to health care,” said Ceci Connolly, the managing director of the Health Research Institute, according to Modern Healthcare. “It’s a lag, but it’s a very direct relationship.”

High-deductible plans are also increasing since nearly 25 percent of workers are currently in them, which is a more than 200 percent increase from just six years ago, the PwC research explained.

Not only are more workers getting in high-deductible plans, but PwC’s survey showed that 4 percent of employers plan on only offering high-deductible plans to their workers in the near future.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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