Costs for all types of medical plans are expected to increase by 9.9 percent for 2012, according to the 24th National Health Care Trend Survey, conducted by Buck Consultants, A Xerox Company (NYSE: XRX). This is the first time since 2001 that Buck’s survey has projected cost increases less than 10 percent for any type of plan. The firm has been conducting its survey since 1999.
In a national survey of 129 insurers and administrators, Buck measured the projected average annual increase in employer-provided health care benefit costs. Insurers and administrators providing medical trends for the survey cover a total of approximately 109 million people.