Global health care costs predicted to balloon in 2016
29 April 2016
Led by double-digit increases in the Americas and the Middle East and Africa, global health care costs are expected to jump in 2016, according to a new survey which suggests increases in the cost of health services rising 9.1% globally in 2016, up from 8.0% in 2015 and 7.5% in 2014.
The highest increases are likely to be the Americas (excluding the USA) where costs are projected to increase by as much as 15.3% in 2016, up from 13.3% in 2015.
One of the drivers of big health care cost increases in the Americas is rampant inflation in Venezuela whereas medical costs in Europe are expected to rise by just 5.7% this year, up from 5.2% in 2015.
In other areas of the world, costs are projected to rise by an average of 12.2% in the Middle East and Africa, down from 12.6% in 2015, and 7.9% in Asia Pacific, up from 6.4% in 2015.