So much for the federal health system change causing all heck to break loose.
Benefits analysts at Segal Consulting say they failed to find evidence that the Patient Protection and Affordable Care Act (PPACA) has done much to increase the underlying cost of insured health care.
The 2014 medical trend, or increase in actual medical care costs, for preferred provider organization (PPO) plans could fall to 8 percent in 2014, down from 8.8 percent this year.
The 2014 trend for high-deductible health plans might fall to 7.9 percent, from 8.6 percent.
“Health benefit plan cost trend rates show the slowest growth in 14 years,” the analysts report.
Segal came up with its latest annual health plan cost trend projections by polling 99 insurers and benefit plan administrators.
Segal asked the participants about the expected effects of PPACA on plan costs.