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A Summary of the Health Care Cost Institute's 2020 Annual Cost and Utilization Report (PDF)
Society of Actuaries
Feb. 24, 2020 "Overall allowed medical costs increased from 2017 to 201 8 by 4.4% in this study population. This trend is slightly higher than that observed in 2017, but very close to the 4-year average of 4.3% from 2014-2018 for the populations measured.... [F]rom 2013-2017 utilization trends showed an overall decline of 0.2%. However, in 2018, utilization trends were on the rise again with a 1.8% year over year increase. Average prices similarly grew by 2.6%, which was one of the lowest increases in recent years." |
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