The average per capita cost of health care services covered by commercial insurance and Medicare programs increased by 5.58 percent over the 12-months ending May 2011, according to data from Standard & Poor’s Healthcare Economic Composite Index.
The index shows health care costs covered by commercial insurance increased by 7.35 percent over the year and Medicare claim costs rose at an annual rate of 2.64 percent. The commercial and Medicare indices are respectively 0.25 and 0.16 percentage points above their April 2011 annual rates.
The annual growth rate for the composite accelerated from its all-time low of +5.37 percent posted in April 2011. This is still 3.16 percentage points below the highest rate for the composite index, which was up 8.74 percent over the 12-months ending May 2010.
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