Health Care Spending to Grow

According to The Hill, a new report by PricewaterhouseCoopers (PwC) shows that as the economy improves, people are starting to spend more for health care – helping the industry to grow 6.8 percent next year. PwC analyzed employer-provided healthcare spending, and found that as the economy has improved, people feel more financially confident to get medical help and stop delaying treatments. This in turn means they are spending more on health care. “Whether spending more freely because of the improved economy or shopping with insurance provided through the Affordable Care Act, consumers triggered the first bump in growth in the first quarter of 2014,” the report says. “We expect that to continue through next year.” Full article.