Increases in Health Care Costs Continue to Rise

HC Reform

The Supreme Court’s affirmation of the Patient Protection and Affordable Care Act (PPACA), otherwise known as health care reform, promises Americans increased access to health care coverage. Unfortunately, the cost of providing employee health benefits continues to rise at double-digit rates around the world, reports Towers Watson, a global professional services company.

Towers Watson cites three reasons costs continue to increase:

  • Medical technology causing overuse of care
  • Health practitioners recommending too many services
  • Health providers’ profit motives

Although many regions worldwide continue to see double-digit increases in health care costs, some report that rates are stabilizing, due to focused efforts by employers and employees to manage costs. This includes increased health education and participation in wellness programs, such as smoking cessation and weight loss.

Read more about health care cost trends in the Towers Watson report and share your feedback.

How do you expect health care reform will affect the U.S. health care system? How can wellness programs help to curb medical costs over the long term?