Health Care Cost Increases to Continue at Double Digit Rates, According to Buck Consultants Sur

From Business Wire
“Costs for the most popular types of health care coverage are projected to increase at double-digit rates through the remainder of 2008 and into 2009, according to a national survey of insurers and administrators.

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Health Care Cost Increases

These are among the results of a survey released today by Buck Consultants, an ACS company and one of the world’s leading human resource and benefits consulting firms. The study analyzed responses from 79 health insurers, HMOs and third-party administrators.

In its 19th National Health Care Trend Survey, Buck Consultants measured the projected average annual increase in employer-provided health care benefit costs. Insurers providing medical trends for the survey cover a total of approximately 98.7 million people.

Costs for the most popular plans continue to increase by more than 10 percent, and are slightly higher than the trends reported in Buck’s previous survey, conducted in late 2007.”

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