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Article: Health care costs continuing steep climb to crisis. (Focus Health Care).(Statistical Data Included)
- Article from:
- The Mississippi Business Journal
- Article date:
- June 17, 2002
- Author:
CopyrightCOPYRIGHT 2002 Dolan Media Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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No matter where the blame is placed, it is a fact that Mississippi and the rest of the nation face a crisis situation when it comes to health care.
PricewaterhouseCoopers (PwC) addressed the nation's health care crisis in its April 2002 report prepared for the American Association of Health Plans in Washington, D.C. The report, titled "The Factors Fueling Rising Healthcare Costs," examines why so much is being spent on health care today.
According to PwC, beyond general inflation, nearly half of the cost increase in health care is a result of increased consumer demand, drugs, medical devices and other medical advances. The other half of the increase is ...