The average per capita cost of health care services covered bycommercial insurance and Medicare programs increased by 5.58percent over the 12-months ending May 2011, according to data fromStandard & Poor’s Healthcare Economic Composite Index.

The index shows health care costs covered by commercialinsurance increased by 7.35 percent over the year and Medicareclaim costs rose at an annual rate of 2.64 percent. The commercialand Medicare indices are respectively 0.25 and 0.16 percentagepoints above their April 2011 annual rates.

The annual growth rate for the composite accelerated from itsall-time low of +5.37 percent posted in April 2011. This is still3.16 percentage points below the highest rate for the compositeindex, which was up 8.74 percent over the 12-months ending May2010.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.