PwC forecasts 7% increase in health care costs for 2024

Health care costs are expected to rise 7% next year as inflation drives providers to seek rate increases from insurers and pharmaceutical costs increase, according to Pricewaterhouse Coopers, reports Healthcare Dive. PwC, which surveyed actuaries at insurers that offer group and individual plans, said the increase outstrips its predictions for 2022 and 2023, which were 5.5% and 6% respectively.