Health insurance inflation hit a five-year high last month, according to a Modern Healthcare analysis of data from the Bureau of Labor Statistics.
As of April, the Consumer Price Index for health insurance was up 10.7% over 12 months—the largest increase since at least April 2014, Modern Healthcare’s Shelby Livingston writes: “The likely reason health insurance inflation is rising is because of growth in managed care, including Medicare Advantage, Medicaid managed care and commercial insurance, according to Paul Hughes-Cromwick, an economist at Altarum. He noted that added administrative costs increase insurance price growth.”
