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Share of Hospital Cost Growth Explained by Various Factors 2001-2006 Higher costs of caring are a bigger factor in spending growth than increased demand.

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Presentation on theme: "Share of Hospital Cost Growth Explained by Various Factors 2001-2006 Higher costs of caring are a bigger factor in spending growth than increased demand."— Presentation transcript:

1 Share of Hospital Cost Growth Explained by Various Factors Higher costs of caring are a bigger factor in spending growth than increased demand for care. Source: AHA analysis of American Hospital Association Annual Survey data, , for community hospitals; Centers for Medicare and Medicaid Services, Office of the Actuary; Intensity and Other 8% Change in Number of Services Provided 30% Costs of Goods and Services Purchased 62%

2 Share of Cost Growth Explained by Key Components of Hospital Costs All Other – 12% Prescription Drugs – 4% Prof. Liability Insurance – 2% Professional Fees – 3% Wages & Salaries/Employee Benefits – 41% Growth in labor costs is the most important single factor driving up the cost of hospital care. Costs of Goods and Services Purchased 62% Source: AHA analysis of American Hospital Association Annual Survey data, , for community hospitals; Centers for Medicare and Medicaid Services, Office of the Actuary;

3 Factors Influencing the Number of Services Provided Both a growing population and more hospital use per person have led to higher service volume. Number of Services Provided 30% Population Growth 13% Use Rates 17% Source: AHA analysis of American Hospital Association Annual Survey data, , for community hospitals; Centers for Medicare and Medicaid Services, Office of the Actuary;


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