@Agent; on this matter, the details are needed to understand the slight slowing in the RATE of GROWTH of health care costs. The drop in the growth rate means growth, but not as fast as the prior year growth rate. In this case, the rate of GROWTH dropped from +5.8% to +4.3%, which isn’t very significant.
The deductibles, co-pays, etc. contribute to a heterogeneous portfolio of HI policies with changing levels of those cost sharing mechanisms. So, more detail is needed to see where the growth remained at or above he prior year level.
Further, this analysis treats the 2015 growth rate as ‘a valid measure’, whereas 2014 or 2016 might be more valid measures. There is no way to properly assess the long-term growth rate due to the complex details of healthcare coverage / insurance in the US and the underlying rate of medical cost inflation.
The healthcare spending will decline with the advent of large practices offering primary care to individuals and families for a low monthly cost. They are springing up all across the country and people seeing their open enrollment prices skyrocketing are driving people away from Obamacare.
Funny how those large deductibles, out of pockets work. People will tend to not go to the doctor as much if they know it won’t pay.
@Agent; on this matter, the details are needed to understand the slight slowing in the RATE of GROWTH of health care costs. The drop in the growth rate means growth, but not as fast as the prior year growth rate. In this case, the rate of GROWTH dropped from +5.8% to +4.3%, which isn’t very significant.
The deductibles, co-pays, etc. contribute to a heterogeneous portfolio of HI policies with changing levels of those cost sharing mechanisms. So, more detail is needed to see where the growth remained at or above he prior year level.
Further, this analysis treats the 2015 growth rate as ‘a valid measure’, whereas 2014 or 2016 might be more valid measures. There is no way to properly assess the long-term growth rate due to the complex details of healthcare coverage / insurance in the US and the underlying rate of medical cost inflation.
The healthcare spending will decline with the advent of large practices offering primary care to individuals and families for a low monthly cost. They are springing up all across the country and people seeing their open enrollment prices skyrocketing are driving people away from Obamacare.