Health Care Costs Will Rise About 10.6% Again in Next YearU.S. health care costs will increase between 10.5% and 11% over the next year, marginally higher than the increases that occurred during the past two years, but lower than cost increases earlier in the decade, consulting firm Aon (AON) said in a report released Wednesday. Aon pins next year's increase on such factors as rising prescription drug costs and the health care reform law enacted this past spring.

HMO, POS and PPO health plan costs will rise 10.5%, 10.6% and 10.7% respectively over the next 12 months, compared to 10.4% 10.4% and 10.7% a year earlier, Aon said, noting that health care cost increases have actually declined since the 13% to 16% growth rates during the middle part of the decade.

The health care reform law, which President Obama signed in March, is expected to add between 2% and 5% to costs over the next three years, Aon said. Prescription drug costs will increase 8.4%, while expenses related to specialty pharmacy products will surge 14%.

Businesses looking to cut health insurance costs -- or at least limit expense growth -- should develop company-wide wellness programs that reward employees for staying healthy, according to John Zern, U.S. health and benefits practice director at Aon. Smaller companies will be eligible for grants related to wellness programs starting next year.

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wmccars

Obama is the Anti Christ.He has set out to destoy America.

September 16 2010 at 7:20 AM Report abuse +1 rate up rate down Reply
wmccars

Wake up Peeps.Obama is ruining America.That is his goal.Even Hillary has figured it out.

September 16 2010 at 7:19 AM Report abuse rate up rate down Reply
Sandy

Again, another promise from Obama...broken. Healthcare costs will rise to the point where small businesses cannot afford to pay for it, families will not be able to pay for it...and since Illegals, prisoners and Congress are the only ones who don't have to pay for Obamacare..they will be the only ones who will have healthcare. Furthermore, when Obama grants amnesty to the 20 million illegals, they will bring their families here and we will have total chaos. Our country is falling to the far left socialist agenda..no longer are we a melting pot with people coming here to assimilate to the American way, promising to work and be lawful, speaking English and contributing. Now we are a fractured mosaic with illegals flooding our country, burdening our systems, demanding that we accept their way of life. But, one thing is true...if we keep allowing the left to dictate these horrible policies pretty soon no one will want to come America..the fallen, poverty sticken, crime ridden failure of a country.

September 16 2010 at 6:02 AM Report abuse +1 rate up rate down Reply
phillychilly8

Terry you liar, you GOP drone.....you fear monger...you cannot stop the demographic train upon you. I lived in Canada for almost 4 yrs attending McGill university, and I have nothing but praise for their healthcare system. Well run, efficient....and yes rationed as we need to be doing. A 55 yr old with a torn rotator cuff SHOULDNT be more important than a child with a heart defect....there are 100 reasons why and the free market doesnt adequately address any of them. YES RICH PEOPLE WILL FIND A LIMITED DIMUNITION in services. No doubt....no way. Everyone else will feel the weight of impending bankruptcy lifted and young people wont be scrambling for Cobra once they get to be 23. Bottom line is these old white haters will be nothing but a small minority soon enough....goodbye tea party....hello Cinco de Mayo

September 16 2010 at 5:17 AM Report abuse rate up rate down Reply
1 reply to phillychilly8's comment
fugazi008

Chilly you are a democrat drone of the worst kind. Terry is correct when he states Canadians come to the US for treatment and are coming in ever increasing numbers. Its funny on my last trip to Toronto last month, what did I see as The Cleveland Clinic offices on Bay Street. Why does an American hospital have an office in Canada? Your claim of rationing is disengenous at best, you are talking two different specialities. Whats more ironic is that my neighbor is a pediatric ortho surgeon specialist, Canadian patients account for close to 35% of his surgical cases yearly. All his canadian patients are referrals from Canadian doctors because they have rationed care. Its not that they can not provide the same services but rather they are limited in the number of surgical supplies.

September 16 2010 at 10:11 AM Report abuse rate up rate down Reply
Frankie

Stop electing conservatives that are complete idiots and know NOTHING and we'll finally get health care under control.

September 16 2010 at 4:03 AM Report abuse +2 rate up rate down Reply
Terry

If anybody thinks Universal Healthcare (like in Canada) is the way to go, take heed on how many thousands of Canadians come here to Minnesota every year to pay out of their own pocket for their healthcare. They are frightened to stay in Canada and wait months for desperately needed tests, hoping that they can get treatment for their illnesses before it's too late for a cure.

September 16 2010 at 2:36 AM Report abuse rate up rate down Reply
brantaydes

As a small business owner paying healthcare premiums of $2300/month for self and two employees, all I can say is "thanks Obama" for such a brilliant plan. Hey, that's $27,600 paid for a $2500 deductible HSA Anthem plan off the top, not including salaries, rent, utilities, workers comp, liability insurance, supplies, equipment, etc. Is it any surprise why small businesses are not hiring people and are quitting business? Ridiculous. Why not instead just work for the government where all you need to do is show up for a few years and earn a huge pension? You don't even have to be smart to do it!!

September 16 2010 at 2:22 AM Report abuse +7 rate up rate down Reply
1 reply to brantaydes's comment
BILL

Here's a newsflash..... a little under 11% increase in cost in next year..... which is less than the 13-16% cost increase during the Bush years...... and medical costs increase every year but Obama's plan is not the reason..... So wake up and see the truth

September 16 2010 at 3:01 AM Report abuse +2 rate up rate down Reply
Jay

The only way to keep costs down is to force the medical providers to accept less for their services. However until people realize that the all powerful AMA lobby in DC is put out of business is that this will never happen. Untill then we will continue to pay $8000 for two stiches at the ER or $600 for a seven dollar blood test at your doctors office.

September 16 2010 at 1:52 AM Report abuse +2 rate up rate down Reply
2 replies to Jay's comment
John/Kristine

Your comment shows a lack of economic thought. If you were to artifically cap the amount paid to providers then you will have fewer providers. What you need to do is introduce healthcare to the free market by getting rid of comprehensive health insurance and replace it with catastrophic insurance so that people pay cash for care. When people pay cash they change their behavior by economizing and shopping around, as it is today people look and say, "I am paying 14,000. for my family's health insurance a year, I better make sure I get my money's worth out of that insurance." And people have that attitude then go shopping with a blindfold on called insurance that makes sure that they don't even know what things cost. Nobody says "I would like to get a vasectomy or mamogram or pap smear ect..." then gets a quote from 4 or 5 doctors to see who has the best price. We are excellent consumers when it comes to buying plane tickets. We are so good at buying plane tickets that the airlines can't hardly make a dime off of us, but we are awful consumers of healthcare!

September 16 2010 at 2:46 AM Report abuse +3 rate up rate down Reply
suselah2

Actually, it's not the providers who need to take less, it's the insurance companies' and lawyers.

September 23 2010 at 3:05 PM Report abuse rate up rate down Reply
myavanti

The only way to keep down health care costs is to have the government do like Japan and other countries. That is put a limit on what doctors can charge for basic services and what hospitals can charge. I could stay at the Ritz Carlton and hire a private nurse and eat gourmet food cheaper than the crappy rooms, food, and nurse care you get at most hospitals. And remember the Dr's bill is in addition to the hospital charges and they hardly see you at all. You may as well hire a witch doctor for that little bit of voodoo care.

September 16 2010 at 1:44 AM Report abuse +4 rate up rate down Reply
1 reply to myavanti's comment
Clue

Perhaps you would like the government to restrict your income as well. The last time I checked, it's still a free country. Let's keep it that way. :o)

September 16 2010 at 3:52 AM Report abuse rate up rate down Reply
James Smith

What short memories people have! All the bickering that went on in congress for almost a year and what did you expect was going to happen when the brain dead Republicans and a few brain dead Democrats wanted to look after their special interest groups? Special interest won and we lost! That is the way it will always be until we put a stop to special interest and the greedy corporations that runs this country. It is amazing that the poeple in this country still fail to see this.

September 16 2010 at 1:44 AM Report abuse +4 rate up rate down Reply
1 reply to James Smith's comment
Jay

Mr. Smith you forgot to add the following........Stupidity = American voter!

September 16 2010 at 1:55 AM Report abuse -1 rate up rate down Reply