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Sharp Increase Predicted for Healthcare Costs
EPIC 
July 7, 2020 "A recent PwC report expects costs to rise by 4% to 10% in 2021, a sharp increase from recent years. The survey points to mental health utilization and specialty drugs as two big drivers. It also alludes to provider utilization as pent-up demand, in part fueled by cash-strapped providers who suffered financially from deferment of non-COVID-19 care during the height of the crisis. PwC indicates the permanency of telemedicine and the willingness of employers to move to narrowing network choices as an offsetting cost mitigation. And it is time for the insurance plans to pay the piper for COVID-19 treatment." |
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