Martin Gaynor: Health Spending for Children Continues to Climb
Last week’s Supreme Court decision may have changed the health care landscape, but regardless of the fate of the Affordable Care Act, children will need health care and parents will need to pay for it.
Unfortunately, it looks like health spending for children continues to climb and prices seem to be the culprit.
The Health Care Cost Institute works to advance knowledge about health care utilization and costs, so that policymakers, business leaders, and the public will have better information to address these issues. HCCI recently reported that spending on children’s health grew faster than spending for adults between 2007 and 2010 – a surprising and concerning finding. A new report HCCI released today at the Aspen Ideas Festival further investigated that trend and found that rising spending for children is also primarily due to increasing prices.
Why should we care about rising prices?
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