Coincidentally (or perhaps not), 2010 was the year that the first phases of the Affordable Care Act (ACA; aka ObamaCare) went into effect. According to Buck Consultants' just released National Health Care Trend Survey, cost increases for all types of medical plans (PPO, PSO, HMO, HDSP, etc.) are projected to be between 0.1 and 0.5 percent in 2014 compared to last year. But, while the trend bodes well for the healthcare system, some survey respondents fear the increases are still not sustainable. And the impact on health exchanges and plans set up under the ACA remain unclear.
Read the press release (PDF) from Buck Consultants.
Estimated reading time: 0 minutes, 46 seconds
Medical Plan Costs Projected to Increase at Slower Pace
It's a proverbial good news/bad news story. On the downside, costs for medical insurance plans across the board continue to rise; the good news is they're rising at a slower rate – as they have been since 2010. That's according to a recent study from Buck Consultants, a Xerox company.
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