Factors Affecting Medical Cost Trends: Deflators

Factors Reducing Spending Growth include:
High Deductible Plans

According to the 2013 PwC Touchstone survey of major US companies, 44% of employers are considering offering high-deductible health plans as the only benefit option in 2014. Already, 17% of employers offer high deductible plans as the only options, a 31 % increase over 2012. When consumers pay more for their healthcare, they often make more cost-conscious choices.

Average deductibles for visits are increasing
"High-deductible plans continue to gain popularity with employers as they search for ways to control medical costs. We anticipate many individuals shopping on the new insurance exchanges will choose these plans to keep premiums down."

—Mike Thompson,
PwC Principal