In a departure from recent trends, hospitals accounted for almost half of the overall healthcare cost increases in 2000, nearly double 1999's pace, while prescription drug and physician-related cost increases moderated, according to the Milliman USA Health Cost Index.
Outpatient and inpatient costs accounted for 43% of last year's hospital cost increases. Physicians accounted for 28% of 2000's costs increases, down from 34% in 1999, while prescription drugs were responsible for 29%, down substantially from the previous year's 35%
Overall, healthcare costs grew by 7.2% in 2000, about the same pace as in 1999. Because hospital inpatient costs actually declined in 1994 through 1998, inpatient costs incrases in 1999 and 2000 represent a big change.
See publication for the following charts/tables:
- Hospital, HMO, e-healthcare connectivity and PPM indexes compared with the S&P 500
- Healthcare service companies' change in market capitalization
- Healthcare spending, by component
- Sources of healthcare cost increases, 1999-2000