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

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: