Healthcare Costs Could Jump 10 Percent


Healthcare costs could rise more than 10 percent in 2007, unless companies change their plans, according to a report by PricewaterhouseCoopers. "What the insurers are projecting is double-digit increases if you don't do anything," said Michael Thompson, a principal at PWC. "Many employers, most employers, are doing something."

For 2007, costs for preferred provider organizations, are expected to rise 11.9 percent. Under preferred provider, or PPO plans, patients are offered a network of providers. Patients who select providers outside the network will pay more for their care. Costs for health maintenance organizations, are expected to rise 11.8 percent. Under HMO plans, coverage is provided if patients stay in the network. AP/Newsday report.

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