Health

Spike In Medical Costs Drove Up U.S. Health Insurance Prices

CREDIT:

Wonkblog’s Sarah Kliff reports that after two years of relatively modest cost increases, private health insurance spending spiked by 4.6 percent in 2011, raising insurance costs at a faster rate than inflation. Insurance rates rose despite less frequent and shorter hospital visits, likely due to the rapidly accelerating price of medical care. The Washington Post’s Ezra Klein has a handy graphic highlighting the roots of U.S. medical cost excess: