Total Cost Of Care In Minnesota Rose 5.6 Percent Last Year

Total Cost Of Care In Minnesota Rose 5.6 Percent Last Year

A recent report found that take-home pharmaceuticals experienced the sharpest price increase with a 9.3 percent year-over-year rise.

Hospital bills remain on the rise as the total cost of care rose 5.6 percent from 2014 to 2015, according to local health care data analyst MN Community Measurement (MNCM).
 
The Minneapolis-based organization began collecting information on health care costs in Minnesota in 2013. At the time, the average monthly cost for the 1.5 million patients enrolled with Blue Cross and Blue Shield, HealthPartners, Medica or PreferredOne was $435. In 2014, that price rose to $449, and as of last year, the average price increased to $474.
 
“This increase is more than the previous year,” said MNCM president Jim Chase in reference to the 2013-2014 total cost of care increase of 3.2 percent.
 
Chase added that the 5.6 percent increase this year is greater than the average increase in people’s income in Minnesota.
 
In its report, MNCM collected data from 1,030 clinics across Minnesota and neighboring communities. When breaking down patients by age, pediatric patients (age 1-17 years) faced average costs of $238 per month, whereas adult patients (age 18-64 years) paid $558 per month.
 
Only hospital inpatient costs, or those related to patients receiving care in a clinic, remained neutral year-to-year. Costs in every other category of service rose, as shown below:

Type of Service Total Cost of Care Increase (2014-2015)
Hospital Inpatient 0 percent
Hospital Outpatient 5.8 percent
Professional 6 percent
Take Home Pharmacy 9.3 percent
Overall 5.6 percent

To see specific breakdowns on the average cost per procedure at clinics throughout Minnesota, visit MNHealthScores.org.