In 2023, the gross medical cost trend was forecast to be the highest in the Latin American region, reaching approximately 18.5 percent. This was followed by the Middle East and Africa region, where gross medical cost trend was forecast to reach 11.5 percent.
Gross medical cost trend rates worldwide from 2021 to 2022 with a forecast for 2023, by region
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2021
2022
2023*
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Willis Towers Watson. (October 12, 2022). Gross medical cost trend rates worldwide from 2021 to 2022 with a forecast for 2023, by region [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1360380/gross-medical-cost-trend-worldwide-by-region/
Willis Towers Watson. "Gross medical cost trend rates worldwide from 2021 to 2022 with a forecast for 2023, by region." Chart. October 12, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1360380/gross-medical-cost-trend-worldwide-by-region/
Willis Towers Watson. (2022). Gross medical cost trend rates worldwide from 2021 to 2022 with a forecast for 2023, by region. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1360380/gross-medical-cost-trend-worldwide-by-region/
Willis Towers Watson. "Gross Medical Cost Trend Rates Worldwide from 2021 to 2022 with a Forecast for 2023, by Region." Statista, Statista Inc., 12 Oct 2022, https://www.statista.com/statistics/1360380/gross-medical-cost-trend-worldwide-by-region/
Willis Towers Watson, Gross medical cost trend rates worldwide from 2021 to 2022 with a forecast for 2023, by region Statista, https://www.statista.com/statistics/1360380/gross-medical-cost-trend-worldwide-by-region/ (last visited August 25, 2024)
Gross medical cost trend rates worldwide from 2021 to 2022 with a forecast for 2023, by region [Graph], Willis Towers Watson, October 12, 2022. [Online]. Available: https://www.statista.com/statistics/1360380/gross-medical-cost-trend-worldwide-by-region/