Costs for all types of medical plans are expected to increase by 9.9 percent for 2012, the first time in a decade that projected cost increases were less than 10 percent for any type of plan, according to a survey by Buck Consultants.
In its national survey of 129 insurers and administrators, Buck measured the projected average annual increase in employer-provided health care benefit costs. Insurers and administrators providing medical trends for the survey cover a total of roughly 109 million people.
Costs are projected to increase at rates that are more than a full percentage point lower than last year, the survey found.
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