The growth in cost of health insurance in the USA has slowed down this year. This is likely to be due to the controversial Health Reform introduced by President Barack Obama over desired changes in the health care industry.
However, despite the slowing rise in premiums, the cost of health insurance still exceeds wage growth and inflation, meaning the health care industry is continuing to impact upon the economy.
One study found that the sluggish US economy is the reason for the decline in insurance costs. Thus, US citizens are thought to be moving away from costly medical interventions. As a result, the utilisation of medical services has decreased, leading to health insurers seeing no reason for significant premium increases.
[ilink url=“http://www.ft.com/intl/cms/s/0/f778ac78-fc26-11e1-aef9-00144feabdc0.html“] Link zur Quelle (Financial Times)[/ilink]