Health care spending rises nearly 20% in 5 years

Total annual spending per person with employer-sponsored health insurance increased 18.4% to nearly $5,900 between 2014 and 2018, according to a Health Care Cost Institute report.The annual spending increase of about 4% a year is not trivial, according to Niall Brennan, president and CEO of the Health Care Cost Institute (HCCI).“I don’t consider growth rates in excess of 4% a year moderate, nor do I think 18% cumulative growth over 5 years is moderate,” Brennan said in a conference call with reporters. “My guess is that the average American has not seen an 18% increaseRead More

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