An article in the CNN News Business paper stated that health care cost would rise about 6.5 percent in 2014. This will include office visits prescriptions and out patient services.
Due to health care cost rising faster than inflation the projected increase pales in comparison to the double digit spikes that were seen in the early 2000s'.
Health care cost continues to succeed overall growth in wages, but the gap appears to be shrinking.
Cost-conscious consumers are a major factor driving the slowdown.
Bearing a greater share of health care costs, many workers are limiting
doctor visits, delaying procedures and choosing cheaper providers. An
Affordable Care Act provision that went into effect in late 2012, which
aims to limit return visits to hospitals, is also playing a part in
slowing spending, according to the report.
There is a lot more to this article if you are interested. Some of the information is very informative. The article includes some talk about Obama Care
So if health care is something you are concerned about it will do you good to read the article.
So until next time,
Live, Laugh and be Loved.
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