In a press release, Aon said the survey of more than 70 health insurers found that Preferred Provider Organization (PPO) plans are expected to see the greatest cost increase at 11.2%, followed by health maintenance organizations (HMOs) (10.9%), Point-of-Service (POS) plans (10.8%) and consumer-driven health plans (CDHPs) (10.7%).
For each of the plan categories, the rate of increase
was lower than a year ago, when increases were 12% or more,
except for POS plans.
Bill Sharon, senior vice president with Aon Consulting and director of the study, offered several reasons for the double-digit increases, including:
- Increasing patient demand for health care services as the population ages;
- Rising medical technology and hospital costs;
- Increasing price and utilization of prescription drugs;
- Poor lifestyle choices.
Other survey findings included:
- Health care rate increases for retirees over the age of 65 are projected to be 11.2% for Medicare Supplement plans and 9.2% for Medicare Advantage plans.
- For prescription drugs, general pharmacy costs are expected to increase by 9.5% for prescription drugs, compared with 12.2% one year ago.
- Specialty drug costs will increase by 15.1%, down from 17% from spring 2006.
For a full copy of the survey go here .
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