What factors into determining the medical cost trend
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Pharmaceutical and life sciences merger and acquisition activity in Q1 2013.
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PwC's Health Research Institute report, Medical cost trend: Behind the numbers 2014, finds that even as the Affordable Care Act (ACA) adds millions more newly-insured Americans to the health system next year, the medical cost trend in 2014 will dip even lower than in 2013.
These and other changes to the industry have forced pharmaceutical and life sciences companies to realign their business strategies. A recent HRI survey found that 35% of life sciences companies have revamped their R&D models in the past three years, focusing more on partnerships, alliances, and outsourcing. The need to demonstrate cost-effectiveness has prompted companies to invest in clinical informatics and health economics analytics teams (Source: New Chemistry: Getting the biopharmaceutical talent formula right, PwC Health Research Institute, February 2013).