Source: Health Care Spending Slowdown: The Consumer Paradox (36-page PDf)
"In recent reports we have outlined the continuing historic slowdown in the growth rate of health care spending driven in large part by emerging structural changes in the health care system. Recent evidence suggests that the cost curve has continued to bend, with health care spending declining in the first quarter of 2014.
Despite this continuing trend in health care spending growth, consumers are increasingly concerned that they are ever more financially burdened by spending on their own health care. This consumer perception is largely a factor of the “new normal” being established through health insurance, which includes:
- Benefit plan designs, used by employers and insurers to shift greater financial risk to consumers through higher out-of-pocket spending (i.e., deductibles, co-payments, and co-insurance); and,
- Health insurance premiums, which continue to rise faster than the average person’s income.