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Posts Tagged ‘John Cookson’

S&P: Annual growth rates decelerate in February

April 18th, 2013

Data released today by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 3.10% over the 12 months ending February 2013, slower than the +3.82% annual growth rate recorded in January.

All nine of S&P Healthcare Economic Indices showed slower annual growth rates for February 2013 compared to January 2013. As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans rose by 4.62% in February, down from +5.41% reported for January. Annual growth rates in Medicare claim costs increased by 0.78%, according to the S&P Healthcare Economic Medicare Index, down from +1.40% recorded last month.

The Professional Services Index annual growth rate was +4.19% in February 2013, down from the +5.00% January point. The Professional Services Commercial Index decelerated to +6.86% in February, down from +7.61% reported in January. The Professional Services Medicare annual growth rate set a new low of -0.87% in February, down from +0.02% posted in January.

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S&P: Annual growth rates accelerate in January

March 21st, 2013

Data released today by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 3.83% over the 12 months ending January 2013. This is an acceleration from the +3.72% annual growth rate recorded in December 2012.

Eight of the nine S&P Healthcare Economic Indices showed increased annual growth rates in January 2013. As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 5.41% in January, up from +5.38% reported for December. Annual growth rates in Medicare claim costs rose by 1.41%, according to the S&P Healthcare Economic Medicare Index, up from +1.19% recorded in December.

The Professional Services Index annual growth rate was +4.98% in January 2013, up from the +4.77% December 2012 point. The Professional Services Commercial Index accelerated to +7.58% in January, up from +7.33% reported in December. The Professional Services Medicare annual growth rate was +0.03% in January, up from -0.12% posted in December.

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S&P: Annual growth rates broadly decelerate in December

February 21st, 2013

Today S&P Dow Jones Indices announced the results of S&P Economic Healthcare Indices for 2012. Data released by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 3.73% over the 12 months ending December 2012. This is a deceleration from the +4.46% annual growth rate recorded in November 2012 and the lowest rate in the eight-year history of the index.

All nine S&P Healthcare Economic Indices posted deceleration in their annual growth rates in December 2012. As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 5.39% over the year ending December 2012, down from +6.19% reported for November 2012. Annual growth rates in Medicare claim costs rose by 1.20%, according to the S&P Healthcare Economic Medicare Index, down from +1.81% recorded in November 2012. It is the lowest growth rate in the history of the Medicare Index.

The Professional Services Index annual growth rate was +4.78% in December 2012, down from the +5.68% November rate. The Professional Services Commercial Index decelerated to +7.34% in December, down from +8.17% reported in November. The Professional Services Medicare annual growth rate was -0.12% in December, down from +0.92% posted in November 2012. It is the first appearance of negative annual growth rate in the history of the index.

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S&P: Annual growth rates decelerate in November 2012

January 17th, 2013

Data released today by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 5.07% over the 12 months ending November 2012. This is a deceleration from the +5.27% annual growth rate recorded in October 2012.

Eight out of nine S&P Healthcare Economic Indices posted deceleration in their annual growth rates in November 2012. As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 6.86% over the year ending November 2012, down from +7.15% reported for October 2012. Annual growth rates in Medicare claim costs rose by 2.32%, according to the S&P Healthcare Economic Medicare Index, down from +2.40% recorded in October 2012. The Professional Services Index annual growth rate was +6.49% in November 2012, down from the +6.61% October print. The Hospital Index’s growth rate hit its historic low of +3.57% in November from +3.83% recorded in October 2012. It was driven by the Hospital Commercial Index, which hit its lowest rate since the index began in January 2005 with an annual growth rate of +4.26%. It posted a +4.79% annual rate last month.

The Professional Services Commercial Index decelerated to +9.03% in November, down from +9.06% reported in October. The Professional Services Medicare annual growth rate decelerated to +1.61% in November from +1.91% posted in October 2012. The Hospital Medicare annual growth rate posted +2.61% in November, up from its +2.54% October rate.

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S&P: Annual growth rates accelerated in October

December 20th, 2012

Data released today by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 5.28% over the 12 months ending October 2012. This is an acceleration from the +5.09% annual growth rate recorded in September 2012.

Seven out of nine S&P Healthcare Economic Indices posted acceleration in their annual growth rates in October 2012. As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 7.16% over the year ending October 2012, up from +7.09% reported for September 2012. Annual growth rates in Medicare claim costs rose by 2.41%, according to the S&P Healthcare Economic Medicare Index, up from +2.04% recorded in September 2012. The Professional Services Index annual growth rate was +6.63% in October 2012, up from +6.16% in September 2012. The Hospital Index’s growth rate hit its seven-and-a-half year historical low of +3.83% in October from +3.86% recorded in September 2012. It was driven by the Hospital Commercial Index, which hit a new recent low with an annual growth rate of +4.78%—its lowest rate since October 2009. It posted a +5.15% annual rate last month.

The Professional Services Commercial Index accelerated to +9.08% in October, up from +8.54% reported in September. It was the highest rate since July 2008. The Professional Services Medicare annual growth rate accelerated to +1.92% in October after reaching its historical low of +1.57% in September 2012. The Hospital Medicare annual growth rate posted +2.55% in October, which was up from its +2.17% September rate.

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S&P: Annual growth rates substantially decelerate in September

November 15th, 2012

Data released today by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 5.06% over the 12 months ending September 2012. This is a deceleration from the +5.70% annual growth rate recorded in August 2012.

All nine S&P Healthcare Economic Indices posted decelerations in their annual growth rates in September 2012. Professional Service Medicare and the Hospital Index posted their lowest annual rates since January 2005; additionally, the Hospital Commercial Index hit a new recent low with an annual growth rate of +5.12%—its lowest since May 2010. As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 7.05% over the year ending September 2012, down from the +7.81% reported for August 2012. Annual growth rates in Medicare claim costs rose by 2.04%, according to the S&P Healthcare Economic Medicare Index, down from the +2.48% recorded in August 2012. The Professional Services Index annual growth rate was +6.13% in September 2012, down from the +6.67% August 2012 point. The Hospital Index’s growth rate fell to its seven-and-a-half year historical low of +3.84% in September from +4.54% recorded in August 2012.

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S&P: Healthcare cost increases decelerate in August

October 18th, 2012

Data released today by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 5.70% over the 12 months ending August 2012. This is a deceleration from the +6.15% annual growth rate recorded in July 2012.

As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 7.81% over the year ending August 2012, down from the +8.36% reported for July 2012. Annual growth rates in Medicare claim costs rose by 2.48%, according to the S&P Healthcare Economic Medicare Index, down from the +2.79% recorded in July 2012. The Professional Services Index annual growth rate was +6.67% in August 2012, down from the +6.95% July 2012 print. The Hospital Index’s growth rate fell to +4.54% in August from +5.11% recorded in July 2012.

In August 2012, the Professional Services Medicare Index was up 2.36%, decelerating from its July level of 2.98%. The Hospital Medicare annual growth rate in August was +2.35%, compared to its +2.44% rate in July. The Professional Services Commercial Index decelerated to +8.90% in August, from its recent high of +9.00% reported in July. The Hospital Commercial Index’s annual growth rate decelerated to +6.23% in August from the +7.21% posted for July.

“All nine healthcare indices we publish decelerated in August 2012; and the deceleration is pretty substantial compared to recent historic patterns,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “In August, the Composite Index posted an annual rate of +5.70%, the Commercial Index +7.81% and the Medicare Index +2.48%. These rates were below their respective July 2012 rates.

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S&P: Annual growth rates accelerate for seven of nine indices in July

September 20th, 2012

Data released today by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 6.14% over the 12 months ending July 2012. This is an acceleration from the +5.76% annual growth rate recorded in June 2012.

As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 8.34% over the year ending July 2012, up from the +8.06% reported for June 2012. Annual growth rates in Medicare claim costs rose by 2.79%, according to the S&P Healthcare Economic Medicare Index, up from the +2.27% recorded in June 2012. The Professional Services Index annual growth rate was +6.95% in July 2012, up from the +6.05% June 2012 print. The Hospital Index’s growth rate fell to +5.09% in July from its +5.19% June annual rate.

In July 2012, the Professional Services Medicare Index was up 2.97%, accelerating from its recent low of 2.41% recorded in June. The Hospital Medicare annual growth rate in July was +2.44%, compared to its +1.95% rate in June. The Professional Services Commercial Index accelerated to +8.99% in July, from +7.92% in June; and the Hospital Commercial Index’s annual growth rate decelerated to +7.18% in July from the +7.77% posted for June.

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S&P: Healthcare costs decelerated in June

August 16th, 2012

Data released today by S&P Dow Jones Indices for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 5.78% over the 12 months ending June 2012. This is a deceleration from the +6.06% annual growth rate recorded in May 2012 and the +6.11% rate in April 2012.

As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 8.09% over the year ending June 2012, down from the +8.40% reported for May 2012. Annual growth rates in Medicare claim costs rose by 2.27%, according to the S&P Healthcare Economic Medicare Index, down from the +2.50% recorded in May 2012. The Professional Services Index annual growth rate was +6.07% in June 2012, down from the +6.28% May 2012 print. The Hospital Index’s growth rate fell to +5.22% in June from its +5.56% annual rate in May.

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S&P: Average per capita cost of healthcare services increases in May

July 19th, 2012

The S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by commercial insurance and Medicare programs increased by 6.05% over the 12 months ending May 2012. This is a deceleration of six basis points from the +6.11% rate posted for April 2012, but still above what was experienced throughout 2011 and early 2012.

As measured by the S&P Healthcare Economic Commercial Index, healthcare costs covered by commercial insurance plans increased by 8.38% over the year ending May 2012, down from the +8.41% reported for April 2012. Growth rates in Medicare claim costs rose by 2.52%, according to the S&P Healthcare Economic Medicare Index, down from April’s +2.60%.

The Professional Services Index annual growth rate increased from April 2012′s +6.16% to May’s +6.27%. The Hospital Index’s growth rate fell to +5.56% in May from its +5.77% April rate.

In May 2012, the Professional Services Medicare Index increased 2.89%, its lowest annual rate since October 2009 and down from April 2012′s +3.11%. The Hospital Medicare May’s annual growth rate was unchanged from April, +2.05%. The Professional Services Commercial Index increased to +7.99% in May, from +7.70% in April; and the Hospital Commercial Index decelerated to +8.38% in May from the +8.78% posted for April.

Download and read the complete S&P Healthcare Economic Indices press release here.

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