Here’s What’s Really Making Your Health Insurance Premiums Go Up
If you had to point to a super villain in health care right now, it would probably be the pharmaceutical industry and its drug pricing tactics. But a new report finds that other factors are actually playing a much bigger role in driving up medical costs.
Analytics firm Avalere Health examined the main causes for spikes in 2017 private health insurance premiums (including big increases in Obamacare plan premiums) in the individual and small group markets of nine states. The study found that hospital services, rather than high drug prices, are the primary roots of premium inflation.