The Health Care Cost Institute is out with its annual report on health care spending and use for those covered by employer-sponsored health insurance. Here are some of the report’s findings:
- Growth in annual per capita spending has held fairly steady since 2011. Annual expenditures grew 3.4% in 2014.
- Prices increased for all health services. Acute inpatient admissions rose 4.6% per capita from 2013 to 2014.
- Spending on brand prescriptions jumped by $45 per capita in 2014, despite a nearly 16 percent decrease in use.
- No surprise here — per capita costs increased with age, ranging from $2660 for those aged 0-18 to $$9466 for pre-Medicare adults aged 55-64.
- In 2014 the average out-of-pocket expense for those covered by employee health plans increased $17 to $810 a year. Women’s out-of-pocket health costs were higher than for men: $927 compared to $690.
- Use of health services declined in all categories except for generic prescriptions.
- The volume of annual acute inpatient care admissions continued its decline, with an admission rate of 53 per 1000 individuals in 2014 compared to 59 per 1000 in 2010.
Source: 2014 Health care cost and utilization report. Health Care Cost Institute, Oct. 2015. http://www.healthcostinstitute.org/2014-health-care-cost-and-utilization-report
Posted by AHA Resource Center (312) 422-2050, email@example.com
Filed under: Benchmarking, Health care utilization, Health expenditures, Hospital costs, Hospitals, Insurance, Physicians, Posted by Diana Culbertson | Tagged: employer sponsored health insurance costs, employer sponsored health insurance use |