Unusual Respite From Surging Health Care Costs

Top News Stories, San Francisco Chronicle
Mon, 01/07/2013 - 3:00pm

Unusual respite from surging health care costs Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 1:24 pm, Monday, January 7, 2013 WASHINGTON (AP) — Americans kept health care spending in check for three years in a row, the government reported Monday, an unusual respite that could linger if the economy stays soft or fade like a mirage if job growth comes roaring back. The respite means President Barack Obama and lawmakers in Congress have a window to ease in tighter cost controls this year, if they can manage to reach a broader agreement on taxes and spending. Spending on prescription drugs and doctors' services accelerated, but spending for private health insurance grew modestly. More people gained health insurance as a result of the health law's requirement that young adults can stay on a parent's plan until age 26. [...] employers increasingly steered workers and families into high-deductible health plans, which come with lower monthly premiums but require patients to pay a greater share of their bills out of their own pockets.

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