Mid- to Low-Single Digit Increases: Oh Boy!

From AON Consulting, a tentacle of the late W. Clement Stone’s insurance monster, in HuffPo:

Aon Consulting, a subsidiary of Chicago-based Aon Corp., surveyed about 60 health insurers around the country earlier this year. The study found that, on average, insurers expect to pay out 10.5 percent more in claims costs in the next year – slightly less than the 10.6 percent increase forecast last year.

But that only suggests employer costs-what about the employees? Tom Lerche of AON:

Lerche said most employers will consider it “an absolute business imperative” to lower any cost increases to mid- to low-single digit percentages.

But there’s always another but:

However, others may ask workers to pay more through increased deductibles or copayments. They could make changes to the plans they offer, such as eliminating a traditional plan and offering a consumer-directed, high-deductible plan instead.

Again, slightly ameliorating the rate of cost increase is the most that any health care ‘reform’ that continues the waste of for-profit, private insurance financing can accomplish, and I dare say, when we visit the actual numbers next year, they will be much higher.
Oh boy, indeed.

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