Axios - PwC yesterday estimated that medical costs will go up by 9% in the employer market next year, and by 8.5% in the individual market. One of the largest drivers is providers' use of AI-enabled software and scribes that more thoroughly document the care that's delivered. Such tools are being used "to capture greater billing complexity, and plans are absorbing the cost," per the report.
PwC said the financial impact isn't so much due to people using more medical services as "changes in coded severity, case mix and paid amount per claim."
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