Buck Consultants’ seventh National Health Care Trend Survey saw insurers reporting the following medical trends for the most common plans:
- the cost of Indemnity plans is expected to increase by 17%, compared to 16.2% in the previous survey,
- the cost Preferred Provider Organization (PPO) plans, is forecast to go up by 14.9%, compared to 14%,
- for Point-of-service (POS) plans, are projected to increase by 14%, compared to 12.3% in the previous survey,
- respondents expect the costs of Health Maintenance Organization (HMO) plans to increase by 13%, compared to an 11.5% increase the previous year,
In fact, the only category of health expenditure not projected to increase at a greater rate in 2002 is prescription drug card programs – where only an 18.4% rate of increase is anticipated, compared to a 20% increase in the previous survey.
The survey comprised responses from over 90 health insurers, HMOs and third-party administrators.