NU Online News Service, June 25, 9 a.m. – Employers can expect to see continued double-digit rate increases for health care insurance, according to an survey of major health care providers released today by Aon Corp., Chicago.
Aon found that health maintenance organizations are expected to raise costs, on average, 16.2% for 2003 renewals, based on data provided by the nation’s largest medical, dental, pharmacy benefit manager and vision vendors. For HMOs with prescription drug plans, the increase is expected to average 16% and for plans without prescriptions, 14.6%.
Prescription POS plans are expected to average 16% increases, and non-prescription POS plans are projected to rise an average of 14.6%
PPO plans with prescriptions will also average 16% while non-prescription PPOs are projected to increase 14.5%.
Traditional indemnity plans will increase 18.3% with prescription coverage and 17.1% without, Aon projects.
Aon also forecasts that pharmacy plans will rise 17.8%. It expects dental plan increases to fall below 10% and projects a 4.4% increase for dental HMOs. Vision plans are forecast to rise 3.2%.
Aon surveys major health care providers twice a year, aggregating figures and projecting national averages. Results of specific companies may vary, Aon notes.