Per Capita Healthcare Costs Accelerate, S&P Reports
June 20—The average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 3.16 percent over the 12 months ending April 2013, according to the S&P Healthcare Economic Composite Index, accelerating from the 3.06 percent annual growth rate recorded in March.
Eight of the nine S&P healthcare economic indices showed higher annual growth rates for April as compared with March. For example, annual growth rates in Medicare costs increased by 1.06 percent in April, up from a 0.82 percent rate recorded the previous month. Healthcare costs covered by commercial insurance plans rose by 4.54 percent in April, marginally up from 4.53 percent, a recent low reported in March.
Conversely, the hospital commercial annual growth rate hit a new low of 1.89 percent in April, marginally down from 1.90 percent recorded in March.
Publication Date: Thursday, June 20, 2013