Health insurance premiums increased at the slowest pace in eight years, marking the fourth consecutive year that saw fewer premium increases than in the past, according to a recent report.
Published by the Kaiser Family Foundation and Health Research and Educational Trust, the “Employer Health Benefits 2007 Annual Survey” found that health insurance premiums increased by 6.1 percent in 2007.
“Health insurance plans’ focus on prevention and wellness, disease management, tiered prescription drug plans, and other innovative tools continues to mitigate the rising cost of medical care,” said Karen Ignagni, president and CEO of America’s Health Insurance Plans.
A separate report credited tiered prescription drug formularies as a factor in the declining cost of medications.