US Healthcare Spending on Children Higher than Overall Cost
Published By : 09 Jul 2015 | Published By : QYRESEARCH
Health care spending on kids in the United States rose at a much faster pace compared to the overall population in the country over the course of three years. This rise has been fueled in part by the surge in hospital admissions for newborns, states a new study.
The report by the Health Care Cost Institute identifies the wide disparity and raises questions regarding if this increased spending is actually resulting in improved health care outcomes for children. The report also discusses to what extent will insurance prices be affected if this trend persists.
Amanda Frost, senior researcher at a nonprofit called Health Care Cost Institute (HCCI) said that it is true that health care spending is increasing every year. It is also true that cost of health care on children, especially babies, is increasing at a faster rate. However, what people don’t know is what will be the impact of these increases in spending on the health of the overall population, the families, or even the health care system.
HCCI in its report, takes a look at annual insurance claims for over 10 million kids who are covered by job-based health plans. Approximately half of these children below the age of 18 were provided coverage by this type of insurance in the year 2013.
Between 2010 and 2013, health care spending on children was up 5.7 per cent at an average annual rate, as found by HCCI. Health care spending for all people till the age of 64 rose at 3.9 per cent during the same period at an average annual rate.
In terms of dollars, the per capita health care spending for kids since 2010 rose by US$ 391 to reach US$ 2,574 in 2013. For the general public, per capita health care spending reached US$ 4,864.