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.
More Must-Reads From TIME
- Taylor Swift Is TIME's 2023 Person of the Year
- Meet the Nation Builders
- Why Cell Phone Reception Is Getting Worse
- Column: It's Time to Scrap the Abraham Accords
- Israeli Family Celebrates Release of Hostage Grandmother
- In a New Movie, Beyoncé Finds Freedom
- The Top 100 Photos of 2023
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time