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New Report Details the Cost of Health Care

Monday, October 1, 2012  
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A new report detailed exactly how much Americans spent on health care in 2011, including a rare look at what some of the cost-drivers continue to be.

The report was completed by the Health Care Cost Institute (HCCI) and is based on claims data from about 25 percent of all Americans covered by employer plans. Despite efforts by providers, payors and elected officials over the previous years, the report showed a larger than expected increase in spending in 2011.

According to the report, the increases in cost were primarily driven by higher prices in four major areas of care: hospital stays, outpatient care, procedures and prescriptions. The average amount of spending per person was $4,547, including $735 in out-of-pocket spending by consumers.

The report analyzed more than 6 billion claims by about 40 million people provided by Aetna, Humana and UnitedHealthcare. You can read the full report by clicking here.