Of the $101 billionincrease in insurance spending, plan administration costs andprofits accounted for $21.3 billion, while spending on physicianand clinical services was responsible for a $20.6 billion. (Photo:Shutterstock)
The $101 billion increase in private health insurance spendingbetween 2016 and 2018 is being driven by hospital spending, to thetune of some $43 billion—representing the chief source of theescalation.
That's according to an economic analysis released by the Partnershipto Fight Chronic Disease about the sources of higher health carespending—and while the others are nothing to sneeze at, theanalysis finds that hospitals are the chief driver.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
