The forecast for medical costs have stabilized for employers, however it is still more than double the Consumer Price Index says the PwC Health Research Institute in their June report. With all of the recent employer “wellness” efforts, employee medical costs continue to grow. So, why are costs still increasing?
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Recently, the Centers for Medicare & Medicaid Services (CMS) proposed changes to their systems to provide better access to hospital price information and patient security. The proposed rule will update Medicare payment policies and rates under the Inpatient Prospective Payment System (IPPS) and the Long-Term Care Hospital (LTCH) Prospective Payment System (PPS).
There are about 43.5 million Americans who care for loved ones with a chronic illness, disability, or frailty. Family caregivers provide an average of 24 hours of care per week. Last month, the Administration for Community Living (ACL) provided an update to their programs as part of National Caregivers Month.