Shandon Fowler: 5 Reasons Why Health Care Costs May Be On The Decline

1. CDHP adoption - Consumer-directed health plans have shown strong double-digit growth in the past five years alone
2. Consumerism - The ACA has accelerated a broader shift to consumerism in the health care business
3. The ACA - Some argue that the ACA has perpetuated an increase in costs, the impact in many cases has been the opposite or actually the reverse
4. Economic factors - Unemployment sits at about 5 percent, the lowest rate since the George W. Bush presidency
5. Access to data - Companies and consumers alike are realizing how valuable it is to have information organized and put to good use

Source: PwC
Source URL: http://insurancenewsnet.com/innarticle/2015/12/23/5-reasons-...

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