So much for bending down the cost curve. Reuters has the story which – not surprisingly – avoids any reference to the president’s health care legislation that obviously is a contributing factor to increased costs.
The cost of healthcare services is expected to rise 7.5 percent in 2013, more than three times the projected rates for inflation and economic growth, according to anindustry research report released on Thursday.
But premiums for large employer-sponsored health plans could increase by only 5.5 percent as a result of company wellness programs and a growing trend toward plans that impose higher insurance costs on workers, said the report by the professional services firm PricewaterhouseCoopers, or PwC.
The projected growth rate of 7.5 percent for overall healthcare costs contrasts with expectations for growth of 2.4 percent in gross domestic product and a 2.0 percent rise in consumer prices during 2013, according to the latest Reuters economic survey.
The author explains higher health care costs in one paragraph.
Upward pressure on healthcare costs comes in part from a rebounding economy and the growth of new medical technologies, including robotic surgery and the nuclear medicine imaging technique known as positron emission tomography.
No mention of Obamacare … and what the hell is positron emission tomography?
Of course, back in September of 2010, health insurance companies were telling state regulators the health care legislation was causing them to increase rates, (more here and here) but you won’t see that in the media this year, it’s election time for Obama…