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October 20, 2011 at 11:06 AM
The per-capita cost of the health care services covered by commercial health insurers is increasing much faster than the per-capita cost of the services covered by Medicare.
S&P Indices, New York – one of S&P Ratings Services’ sister companies – says the S&P Healthcare Economic Composite Index shows per-capita health care costs for both commercial and Medicare programs were 5.73% higher in August than in August 2010.
The year-over-year increase was up slightly from 5.69% in July.
But S&P found that the year-over-year increase recorded in August for Medicare program health care costs was just 2.16%.
For commercial plans, the rate of increase was 7.89%.
The S&P Medicare cost increase index hit 8.02% in November 2009 and has been falling ever since, S&P says.
