Stethoscope on dollars The report said the coming increase in costs will show up in a number of ways, such as deferred treatments that will lead to more serious illness, as well as increased mental health and substance abuse issues. (Photo: iStock)

A new analysis predicts that medical cost increases will moderate slightly in the U.S. in 2022, following a higher rate of increase in 2021 as the health system deals with the aftermath of the COVID-19 pandemic.

The analysis, by the PwC Health Research Institute (HRI), is the latest installment of the Institute’s annual cost trend report, which it has published for 15 years. The reports are based on information from actuaries at health plans and health care executives.

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