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Healthcare Costs Rising

Healthcare Costs Rising

Per capita health care spending was $4,967 in 2014, up from $4,804 the year before

If you think you paid more for health care in 2014, well, you did. Health care costs for Americans who had insurance through their employers rose 3.4 percent, or $163 per person, during the year, according to a report Thursday from the Health Care Cost Institute.

Per capita health care spending was $4,967 in 2014, up from $4,804 the year before. Those costs rose even though Americans used less health care than in 2013. One of the big drivers for the increase was a rise in the cost of prescription drugs.

“Use of health care services continued to fall in 2014, while prices for all categories of services continued to rise. Despite a nearly 16 percent decrease in use of brand prescriptions, spending on these prescriptions jumped by $45 per capita in 2014—an increase four times larger than in 2013,” the report said. It added that much of the increase in prescription drugs was due “to the use ofHepatitis C drugs Olysio, Sovaldi, and Harvoni, which became available starting in late 2013.”

The amount of money that Americans paid for health care out of their own pockets rose by 2.2 to percent to $810, the report said.

— Dennis Domrzalski

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Albuquerque’s definitive alternative newspaper publishing an inquisitive, modern approach to the news and entertainment stories that matter most to New Mexicans. ABQ Free Press’ fresh voice speaks to insightful and involved professionals who care deeply about our community.

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The following two tabs change content below.
Albuquerque’s definitive alternative newspaper publishing an inquisitive, modern approach to the news and entertainment stories that matter most to New Mexicans. ABQ Free Press’ fresh voice speaks to insightful and involved professionals who care deeply about our community.

Latest posts by ABQ Free Press (see all)