More MS news articles for March 2001

Will Rising Health Costs Force Consumers into Cheaper Insurance Plans?

A government report speculates that people will respond to escalating health-care costs by opting for cheaper and more restrictive insurance plans -- a choice many have so far shunned. The run-up in costs is largely due to higher prices for prescription drugs, the Health Care Financing Administration says.


During the next four years, drug costs are expected to rise around 15 percent annually.

Source:
Jill Carroll, "Health Spending Speeds Up on Costs of Prescribed Drugs," Wall Street Journal, March 12, 2001;
Stephen Heffler et al., "Trends: Health Spending Growth Up In 1999;
Faster Growth Expected In The Future," Health Affairs, March/April 2001.