Friday, November 28, 2014
Inquirer Daily News

Healthcare costs rose 4X faster than other prices in 2010

S&P says healthcare cost increases slowed in 2010, but they still rose a lot faster than other consumer costs

Healthcare costs rose 4X faster than other prices in 2010

US healthcare costs rose 6.1% during 2010, almost four times the 1.6% consumer inflation rate, according to Standard & Poor's Healthcare Economic Composite Index.

That's bad, but not as bad as in 2009, when healthcare prices rose 8.2%, while consumer prices fell slightly according to the US Department of Labor.

In 2010, commercially-insured healthcare costs rose 7.8%, while Medicare costs rose just 3.3% due to US Government cost controls, according to S&P.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Business Videos:
Also on Philly.com:
Stay Connected