Ilovebenefits’s Blog

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Technology Contributes to High Medical Trend Rates

Editor’s note: People always ask, “What is the cause of medical cost trends? Where does all the money go?'” Here is one story that will give you one indication of where the money is going and why medical trend is as high as it is. Remember medical trend is a function of two components price inflation and increased utilization.

The market for medical automation technology is forecast to grow from $13.1 billion this year to $23.2 billion in 2014, with a compound annual growth rate of 12.2%, according to a recent report.
Source: “U.S. MARKET FOR MEDICAL AUTOMATION TECHNOLOGIES TO BE WORTH $23.2 BILLION IN 2014,” BCC Research press release, September 8, 2009, 

September 14, 2009 - Posted by | healthcare |

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