6 factors behind PwC's 2019's medical cost trend of 6%

PricewaterhouseCoopers released its report on medical cost trends, which estimates numbers for 2019. The good news? Cost increases have leveled off—rising 6 percent in 2019. But for employers, these increasing expenditures do not lead to improved productivity. Medical costs continue to jump, while growth in labor productivity should remain near 1.1 percent for 2019—below the average annual increase of 2.3 percent in recent decades.

Trump administration announces tariffs on $50B of Chinese goods—including medical devices

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After months of statements, speculation, trade talks, tweets and threats, the U.S. government has officially put tariffs in place on $50 billion worth of products imported from China, including medical imaging equipment. X-ray, CT and MRI equipment are all on the list of products included in this announcement.

4 of 5 execs say healthcare ill-prepared for societal, liability issues related to AI

As artificial intelligence (AI) adoption expands in radiology, there is growing concern that AI algorithms needs to undergo quality assurance (QA) reviews. How to validate radiology AI? How can you validate medical imaging AI?

It’s long past asking “if” artificial intelligence (AI) and related technologies will revolutionize healthcare. According to a recent survey, 80 percent of executives expect AI will be integrated into the patient experience within two years. At the same time, 81 percent of respondents agree their organizations are not ready for the societal and liability issues that will result from this change.

Court rules against insurers seeking $12B in ACA risk corridor payments

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In a Thursday, June 14, ruling, a federal appellate court denied claims from health insurers who claimed they were owed billions of dollars from an Affordable Care Act (ACA) program. The court ruled 2-1 against two insurers who wanted the federal government to repay them for covering sicker, more expensive patients than initially expected.