August 18, 2016

THE POINT OF HEALTH CARE REFORM IS TO INCREASE THE COST OF CONSUMPTION:

Healthcare costs decline, but remain expensive (Cort Olsen, August 16 2016, Employee Benefit News)

Choosing the right medical coverage can be a daunting task, especially for those who suffer from chronic illnesses or have a large family. Xerox HR Services recently released its 32nd National Healthcare Trend Survey and found that since 2010 healthcare costs have dropped from 11.6% to 8%. Despite this drop, when compared to the inflation rate, cost still maintains a wide lead above inflation, which the United States Bureau of Labor Statistics says is sitting at 1.4%.

This wide gap between cost and inflation has caused many employers to shift more cost over to employees. This has resulted in some consumers weighing price into their decisions of where and when to seek healthcare, and even delaying treatment due to cost.

Posted by at August 18, 2016 4:22 PM

  

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