US on Its Way to Reduce Rising Health Costs

.

US on Its Way to Reduce Rising Health Costs

It is being said that the increasing costs on healthcare in the US can be reduced significantly with the help of lower costs for drugs and laws ordering hospitals to publish prices, as per a report revealed recently.

According to the data released by the Health Research Institute, which carried out a survey, while the costs had risen by 9% in 2010 and 2011, the actual growth could have been around 7%. It has been told that the additional rise was an outcome of annual inflation rate, which was 2.3 percent in April.

Further, the report also says that health-care costs can rise up to 7.5% in 2013. However, the same could be 5.5% if changes are brought in insurance benefits like co-payments.

The report says that health care cost trends are an important issue in Washington where small changes in expected augment in costs may have a large impact on government's budget deficits. Also, consumers and employers who are affected by price increase in doctors' offices and hospitals in terms of insurance premiums would be benefitted with lowered costs.

"Four years of historically low growth is noteworthy and we may be at the start of a new normal", says Ceci Connolly, managing director.


Latest News

Blue Bell Returned to Central Texas and Houston on Monday
China PMI Slips to Three Year Low Pushing Gold Higher
Investors Retreat from Earlier Gains Pushing Oil Prices Down by Three Percent
Weak China PMI Raise fears, Asian Shares Slip Again
Springdale, the Small Utah town Finally Repeals Chain Restaurant Ban After a Dec
Oshkosh Corporation Won a $30billion Contract for Replacing Humvee Units of the
Federal Reserve Vice Chairman Fischer Hints Inflation is Likely to Rebound Permi
Trib Total Media Plans to Sell Nine Newspapers including Four Daily and Five Wee
Twitter Plans to Employ More Women Next Year to Diversify Its Workforce
OPEC Oil Producers Prepared to Endure Lower Oil Prices But will Continue their P
Stanley Fischer Federal Reserve Vice Chairman Says No Decision Has Been Taken fo
Biggest Daily Climb Noted in the Oil Markets in Past Six Years