TIME Health Care

Health Care Spending On The Rise, Study Says

The improving economy is allowing Americans to spend more on healthcare

Health care spending is expected to increase in 2015, and it may not be for the reason you think.

Thanks in part to the burgeoning American economy, the cost of healthcare services is projected to grow by 6.8% in 2015, compared to 6.5% in 2014, according to a new report from PriceWaterHouse Coopers.

Medical cost inflation has been driven by the improving economy. Because American families have seen their budgets grow, individuals are willing to spend more on health procedures that they may have delayed during the recession.

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