Report: Slowdown In Health Care Costs May Continue

WASHINGTON (June 18, 2013)--The recent slowdown in health care costs, which was initially considered to be just a pause, may be developing into a trend, a new report suggests.

That would be good news for most companies that provide health benefits for their employees.

Accounting and consulting giant PwC projects lower overall growth in medical costs for next year, even as the economy gains strength and millions of uninsured people receive coverage under President Barack Obama's sweeping health care law.

And if the calculations are correct, cost spikes because of the new health care law should be contained within a relatively narrow market segment.

The report comes with a caveat, however.

It says self-employed people and others who buy coverage individually could pay higher premiums in 2014 because of provisions of the health care law such as eliminating denials for pre-existing medical problems.

Those patients cost more to cover.


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