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Employer medical costs expected to rise next yearPosted On Mon, June 14, 2010
Many Americans get their health care through their employers, and that's going to end up costing them even more money in 2011.
Medical costs for employers are expected to rise considerably next year ahead of the health care reform bill taking effect, according to Pricewaterhouse Coopers, which releases an annual report on medical cost trends. The jump, estimated to be about 9 percent, is actually down from a 9.5 percent increase last year. Employers will almost certainly pass that cost on to their employees.
The report also revealed just how that cost will be passed on. There was a nearly even split between companies that will increase employee contributions and those that will raise employee deductibles and co-pays, about 42 percent and 41 percent, respectively. In addition, 26 percent will increase cost-sharing on prescription drugs.
A new article in the Winston-Salem Journal, citing a study from Wake Forest University, said that a growing number of cancer patients - about 18 percent between 2003 and 2006 - in America are now either delaying or completely forgoing their scheduled follow-up treatments due to the rising costs associated with it.
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