Following up on an announcement from late last month, S&P this morning announced the new Healthcare Economic Composite Index. Here are the high-level details:
Data released today by Standard & Poor’s for the S&P Healthcare Economic Composite Index indicates that the average per capita cost of healthcare services covered by private insurance and Medicare programs rose 7.32% over the 12 months ending August 2010. Hospital and physician claims for patients covered under commercial health plans were the hardest hit, as claim costs associated with commercial health plans rose 8.66%, as measured by the S&P Healthcare Economic Commercial Index. Medicare claim costs for services rendered by hospitals and physicians rose a more modest 5.08%, as depicted by the S&P Healthcare Economic Medicare Index.
The S&P Healthcare Economic Indices estimate the per capita change in revenues accrued each month by hospital and professional services facilities for services provided to patients covered under traditional Medicare and commercial health insurance programs in the U.S. The annual growth rates are determined by calculating a percent change of the 12-month moving averages of the index levels versus the same month of the prior year.
More details here.
And now there is a CNBC interview available:
We’ll post other information as it becomes available.