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Global Medical Cost Increases in 2016 Expected to Be 2.5 Times Higher Than General Inflation
Aon Hewitt
Jan. 14, 2016
"[A]verage cost increases for employer-sponsored medical plans globally will be 9.1 percent in 2016. This is 5.5 percentage points higher than the global average projected inflation rate of 3.6 percent.... [P]rojected trend rates are expected to vary significantly by region. Both Latin America and the Middle East are expected to see double-digit average medical trend rates in 2016, while Europe and North America will experience trend rates just below 6 percent. Still, average trend rates for all regions are expected to exceed average regional inflation levels by at least 4 percentage points."
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