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What will medical cost trend be in 2013? HRI projects 7.5% - another year of flat growth.
Cost trends and deflators: Sandra Fenwick discusses two factors deflating medical cost trend in Massachusetts - a reduction in the cost per unit of healthcare, as well as a decline in utilization. She provides insight from Boston Children's Hospital's efforts to reduce costs in both areas. Sandra Fenwick, President and Chief Operating Officer, Boston Children's Hospital
This PwC Health Research Institute (HRI) report looks at the projected increase in the cost of medical services for 2013. Medical cost trend is the primary factor in setting health insurance premiums. Commercial insurers and large employers use this information to estimate what the same health plan would cost in the following year.