Double-digit growth prevailed when HRI made its first projection of healthcare spending a decade ago. Much has changed: once a big investment, technology has paid off in the savings from virtual care; employees once insulated from out-of-pocket costs have become savvy consumers, and retail style new entrants have contributed to the New Health Economy.
HRI issues its projection for the coming year’s spending growth based on activity in the market that serves employer-based insurance—a projection that has become a key ingredient in setting insurance premiums for the past decade. In compiling data for 2016, HRI interviewed industry executives, health policy experts, and health plan actuaries whose companies cover a combined 100 million members. HRI also analyzed results from PwC’s 2016 Touchstone Survey of more than 1,000 employers from 35 industries.