Health Care Costs Slow For The Sixth Straight Year

Health Care Costs Slow For The Sixth Straight Year in General Healthcare

A new survey of around 70 health insurance companies in the U.S. found that health care costs are increasing at a slower rate again.

The survey, conducted by Aon Consulting Worldwide, found that costs are expected to go up an average of 10.6 percent this year, reported the Associated Press.

That’s only 0.3 percent slower than last year, but a significant drop since 2002, when costs were expected to increase by 16 percent, wrote the AP article.

Aon largely attributes the six-year slowdown to efforts employers have done to cut back on health care costs — such as employee wellness programs.

The positive to these results is that health care costs are slowing. But only a 0.3 percent improvement from last year could mean the trend might not last long.

“It is encouraging that the growth in health care costs is going down, but there is still more work to be done,” said Robert Zirkelbach from America’s Health Insurance Plans.

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