The Takeaway: Health-Care Costs Rise Faster Than U.S. Inflation Rate

Higher charges by doctors, hospitals and drug companies have resulted in healthcare costs that have risen even faster than the rate of inflation, according to a survey released today by the Health Care Cost Institute, a nonprofit research organization in Washington DC. The study found that health care costs rose 3.3 percent in 2010 even though people actually used fewer services in many categories.  The average price of prescription drugs rose 3 percent; inpatient admissions cost 5.1 percent;  more and …

Taking an Excursion for Your Medical Needs?

Doesn’t seem to make sense, but it’s actually becoming more and more common. While medical tourism has existing for some time — where Americans will travel abroad to other countries to get necessary medical treatment for cheaper — a new trend is growing in the U.S.: Domestic medical travel. Via AARP Bulletin: [A]s medical travel firms negotiate attractive rates with doctors, clinics and hospitals and market them to insurance companies, employer-funded health plans and individuals. While hospitals don’t like to …